.
MergerLinks Header Logo

Announced

Completed

Sonangol completed the acquisition of a 6% stake in Galp Energia from Isabel Dos Santos for $498m.

Financials

Edit Data
Transaction Value£360m
Consideration TypeCash
Capital Owned-
Capital Bid For6%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

Acquisition

Minority

Cross Border

Single Bidder

Private

Completed

oil and gas production

Friendly

Portugal

Integrated Oil and Gas

Synopsis

Edit

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.

CONTACT US