Bloomberg News

Sonangol Wants to Buy Up to 15% of Galp From Eni, Diario Says

March 15, 2012

Angolan state oil company Sonangol EP wants to buy a 10 percent to 15 percent stake in Galp Energia SGPS SA (GALP) from Eni SpA (ENI) of Italy, Diario Economico reported, without saying where it got the information.

The goal is to buy shares in Galp through Esperaza, a venture that groups Sonangol and investor Isabel dos Santos, the Portuguese newspaper said. Esperaza owns a stake in the Amorim Energia BV venture, which holds 33 percent of Galp. Eni also owns 33 percent of Galp.

To contact the reporter on this story: Henrique Almeida in Lisbon at halmeida5@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus