In accordance with the terms of article 248 of the Portuguese Securities Code, Galp Energia, SGPS, S.A. (“Galp Energia”) hereby discloses the following information:
Galp Energia agreed today with Gestmin, SGPS, S.A. (“Gestmin”) the sale of a number of petroleum products distribution operations in Portugal recently acquired from ExxonMobil Group. Gestmin is a holding owned by Mr. Manuel Champalimaud, which has participations in several sectors, including Maritime & Harbour activities, Energy, Telecommunications, Biomedicine, Real State and Tourism.
Banco Santander de Negócios and the law firm PLMJ were the advisors of this transaction that was performed in order to fulfil the commitments made by Galp Energia to the European Commission in relation to the purchase of ExxonMobil's Iberian operations that occurred at the end of 2008. Considering the particular legal context of this transaction, its execution was supervised by the bank ING as trustee of the European Commission.
The agreement includes the following business and assets previously controlled by ExxonMobil Group: Trafaria terminal, bulk and bottled LPG business (excluding the piped LPG), the share capital of COMG – Comercialização de Gás, S.A. (former Esso Gás, Lda.), part of the aviation fuel business at Porto airport and the entire business at Lisbon and Faro airports (including some shareholding in certain airport joint ventures). The sale price of these operations will amount to €46 million.
The agreement signed today is subject to the approval by the relevant competition authorities, including the European Commission.