Article: JOSE DE MELLO PREPARES AN OFFER FOR SHARES IN GALPENERGIA.

The Portuguese company Jose de Mello is preparing its bid for a stake in the oil refining and distribution company GalpEnergia. The aim is to make Galp another development platform for Jose de Mello, according to management sources. Jose de Mello's offer to buy up between 34.3 and 47% of Galp shares, i.e. around Euro 1 billion worth, should be referred to the Government before April 26. At the beginning of the month, the Government had also proposed to the Carlyle group to take up shares in GalpEnergia, as well as US venture capitalists CVC and ...

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