Galp's decision is sovereign and the Government fulfilled its role

The Portuguese Minister of Economy stated that Galp's decision to end negotiations with Moeve is sovereign, emphasizing the government's respect for private initiative. He highlighted the strategic importance of the Sines refinery and affirmed that the government fulfilled its role in balancing national sovereignty with private rights. Galp confirmed that negotiations were conducted smoothly but failed to reach a positive outcome due to commercial conditions. The co-CEO of Galp noted that while there was good alignment during the process, they could not finalize the deal as they could not capture value according to their criteria.