Galp, Moeve in talks to combine refining, fuel retail businesses
By Shadia Nasralla and Sergio Goncalves
Jan 8 (Reuters) - Portuguese energy firm Galp GALP.LS and private equity-backed Moeve are in talks to combine their refining, chemicals and fuel retail businesses, they said on Thursday, in a deal that, if successful, would create one of Europe's biggest refiners.
Under a non-binding agreement, Galp and Madrid-headquartered Moeve plan to create two new firms. One would run 3,500 fuel retail stations mainly in Spain and Portugal with the other operating three refineries with combined capacity of around 700,000 barrels per day.
Moeve's shareholders are the United Arab Emirates' state-owned investment firm Mubadala and U.S. investment firm Carlyle Group CG.O.
Galp's upstream oil and gas production business would not be included in any merger.
Related Articles
$660B Capex Bill Triggers $900B Wipeout: Why Apple Shares Outperform Amazon and Google Despite AI Lag
Based on financial disclosures, the combined 2026 capital expenditure forecasts for Meta, Amazon, Google, and Microsoft are projected to reach $660 billion. This figure is not only significantly higher than the $410 billion forecast for 2025 and $245 billion for 2024, but even surpasses the GDP of I
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 market
