Galp Shareholder Meeting May Be Postponed, Diario Economico Says

Shareholder meetings of Portuguese oil company Galp Energia SGPS SA (GALP) scheduled for March 28 and April 26 may be postponed after shareholders of Amorim Energia failed to reach an understanding, Diario Economico reported, without saying how it obtained the information.

Amorim Energia holds 33 percent of Galp and is a venture owned by Portuguese investor Americo Amorim and Angolan investors including oil company Sonangol EP. Amorim and the Angolan investors have not reached an agreement about changes to Galp’s by-laws and about management appointments at Galp, according to Diario Economico.

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