Global Infrastructure SherpaGalp and Moeve negotiate potential merger of downstream operations
Galp and Moeve are in non-binding talks to merge their downstream operations, including refining, trading, chemical, lower-carbon fuel, and retail fuel businesses, with a focus on the Iberian Peninsula.
Counterparts (2)
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- Galp and Moeve in non-binding talks
- Announced on 2026-03-08
- Focus: Iberian Peninsula downstream operations
- Value: Not disclosed
Source Intelligence
Galp and Moeve are in non-binding talks to merge their downstream operations. The talks center on developing two new integrated platforms: IndustrialCo (refining, trading, chemical, lower-carbon fuel-related operations) and RetailCo (retail fuel business, including EV-charging station development). The merger is contingent upon completion of extensive due diligence, receipt of corporate approval, and regulatory consent. Moeve has developed the Andalusian Green Hydrogen Valley. The combined entity would own or operate approximately 3,500 retail fuel service stations in Iberia. The combined crude processing capacity would be over 700,000 b/d across three coast-based sites.
"Galp and Moeve negotiate potential merger to form leading European refining and fuel distribution group"
"Galp and Moeve negotiate potential merger to form leading European refining and fuel distribution group"
Timeline
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