Ver Angola


Isabel dos Santos is not a direct sharehold of Galp, says executive president

Galp's CEO, Carlos Gomes da Silva, this Tuesday dismissed the impact of the 'Luanda Leaks' case on the oil company, claiming that Isabel do Santos is neither a direct shareholder or a reference shareholder of the company.


"We don't comment on stock issues. In this case, it is not a Galp shareholder. The reference shareholder, in the long term, is Amorim Energia, which is controlled by the Amorim family", he told the Lusa agency in London, where Galp's Investor Day was held.

The businesswoman Isabel dos Santos owns 40 percent in Esperaza Holding, which is 60 percent controlled by the oil company Sonangol.

Esperaza Holding, together with the Amorim group, owns Amorim Energia, which owns 33.34 per cent of Galp Energia.

Amorim Energia's shareholders are Power, Oil & Gas (35 percent), Amorim Investimentos Energéticos (20 percent) and Esperaza Holding BV (45 percent), so that, indirectly, Isabel dos Santos owns about 15 percent of Galp Energia.

The daughter of the former president, José Eduardo dos Santos, was accused of alleged mismanagement and misappropriation of funds during her time at the state oil company Sonangol, the Angolan Attorney General's Office announced on 22 January.

In an interview with the Lusa agency, Hélder Pitta Grós admitted that there are other cases under investigation, including a loan of US$75 million from the state oil company Sonangol for the acquisition of the entry into Portugal's Galp.

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