Announced
Completed
Financials
Sources
Tags
Acquisition
Minority
Cross Border
Single Bidder
Private
Completed
oil and gas production
Friendly
Portugal
Integrated Oil and Gas
Synopsis
Sonangol, a company engaged in petroleum and natural gas production, completed the acquisition of a 6% stake in Galp Energia, a Portugal-based holding company engaged in the oil and gas industry, from Isabel Dos Santos for $498m. Dos Santos has been fighting a legal battle against Angola’s government since President Joao Lourenco replaced her father, Jose Eduardo dos Santos, at the helm of Africa’s second-biggest oil producer in 2017.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.