There are two major oil companies interested in buying Sonangol Galp



There are two major international oil companies interested in buying Sonangol on Galp, a report released on Tuesday by Jornal de Negócios. The news comes in a very special moment: the first official visit to Portugal João Lourenço takes place.

Last weekend in conversation with Expresso, President of Angola has already confirmed that the oil company plans to sell its stake in Portuguese society.

Presence in Galp "is still scattering [da Sonangol] and for this reason, and given the trend, it is very unlikely that Sonangol would be interested in Galp's position. (…) I'm not saying we're leaving tomorrow. I'm just saying it's a trend, "said the Angolan Head of State.

In the morning, one of the oil companies came to plan to open an office in Lisbon; the identity of the two companies at this time is still a secret.

Sonangol has an estimated debt of € 3.2 billion and will have to secure € 1.3 billion in funding by the end of the year, which aims to ensure routine operations and new investment in manufacturing, remembers Enterprise.


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