Feb 7, 2011

Petrobras Ends Talks to Buy Stake in Galp



Petrobras, the state-controlled Brazilian oil giant, said on Monday that it had broken off talks with the Italian energy company Eni about buying a stake in Galp Energia.
The company said in a brief filing with the Securities and Exchange Commission that it had “decided to terminate negotiations with ENI S.p.A. and that no interest in Galp Energia has been acquired.”
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Source: New Your Times

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