Galp and Moeve cancel their agreement to merge petrochemical businesses

Updated 2026-10-27 · told from many outlets at once

Moeve and Galp ended their merger talks, with Galp shares dropping 11 percent after the negotiations concluded.

• Moeve and Galp canceled their merger negotiations.
• Moeve has divested over 70 percent of its oil exploration and production assets.

Outlets: ECO, El Mundo (Portada), La Vanguardia, Observador, Público (Portugal), RTP Notícias

Written by AI from the outlets' reporting and checked automatically; it can contain mistakes. How Daily Brief works · Privacy