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Announced

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Galp completed the acquisition of the remaining 24.99% stake in Titan from Cobra for €140m.

Synopsis

Galp, a Portugal-based holding company engaged in the oil and gas industry, completed the acquisition of the remaining 24.99% stake in Titan, an operator of solar photovoltaic plants, from Cobra for €140m. "By securing full ownership of Titan, which holds a significant part of Galp's Renewables portfolio in Iberia, we gain further control and optionality related with its development, creating new value enhancement opportunities," Georgios Papadimitriou, Galp COO Renewables & New Businesses.

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