Galp, Moeve in Talks to Combine Refining, Fuel Retail Businesses

Sapo

Lean Right

Factuality

Ownership

Antonio Vidigal says that the combination of the two companies can result in a platform with about half of the Iberian Peninsula’s refinance capacity and the second largest network of service stations.

Eldiario.es

Lean Left

Factuality

Ownership

A scalable industrial platform is created, integrating refining, trading, chemical and energy activities based on green molecules (biofuels and hydrogen), at the service of B2B customers with a global competitive offer

OKDIARIO

Right

Factuality

Ownership

Moeve and the Portuguese company Galp have reached a non-binding agreement to advance the negotiations on the potential integration of their downstream businesses -refining and distribution and sale in service stations. Thus, the objective of this strategic alliance is to gain a joint scale in an increasingly competitive sector and thus form a European champion in the Iberian Peninsula. Thus, according to Moeve in a statement, this joint venture…

europapress.es

Center

Factuality

Ownership

Moeve and Portuguese Galp have reached a non-binding agreement to advance negotiations on...