Portugal says to sell up to 7 percent of Galp
LUANDA, July 31 |
LUANDA, July 31 (Reuters) - Portugal will sell up to 7 percent of oil company Galp Energia (GALP.LS) to private investors as part of a new stage of the company's privatization, the Portuguese government said in a statement on Thursday. Galp operates two oil refineries in Portugal and is searching for oil in Angola, Brazil, East Timor, Mozambique and Venezuela. It recently made a significant oil find with partner Petrobras (PETR4.SA) at Brazil's Tupi field.
(Reporting by Ruben Bicho)
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