Sonangol in Talks to Sell Stake in Galp -Jornal de Negocios
August 14 2018 - 05:22AM
Dow Jones News
--Angolan national oil company Sonangol is negotiating the sale
of its indirect holding in Galp Energia SGPS S/A (GALP.LB) with
several oil majors which operate in Angola, Portugal's Jornal de
Negocios reports, citing unnamed sources.
--Sonangol jointly holds a roughly 15% stake in the Portuguese
oil producer via its Esperanza holding, whose other major
shareholder is Isabel dos Santos, the daughter of Angola's former
president, according to the Jornal de Negocios.
--The 15% stake in Galp is valued at around EUR2.2 billion,
based on the company's market capitalization on Monday, the Jornal
de Negocios says.
Full story in Portuguese: https://bit.ly/2vKmCv0
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(END) Dow Jones Newswires
August 14, 2018 05:07 ET (09:07 GMT)
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