Sonangol to Retain Stakes in Galp, Millennium bcp


Martins added that the NOC is looking at gradually increasing its interests in both assets over time.

In Millennium bcp, Sonangol represents the second-largest shareholder, holding a 19.49% interest. Meanwhile in Galp, the Angolan NOC owns a 45% interest in the company’s largest shareholder, Amorim Energia, which holds an interest of around 33% in Galp.

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Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.