Moeve and Galp in negotiations

Summary by AI ^BETAClose X

Mamoura Diversified Global Holding PJSC (MDGH) announced that its controlling interest, Moeve S.A., has reached a non-binding agreement with Galp Energia to combine their downstream portfolios, aiming to create two leading energy and mobility platforms in the Iberian Peninsula. This potential transaction is contingent upon the negotiation and execution of final agreements, corporate approvals, and regulatory authorizations.

Disclaimer*

MDGH GMTN (RSC) Ltd

09 January 2026

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018

Mamoura Diversified Global Holding PJSC ("MDGH") - Moeve and Galp in negotiations to combine downstream activities to form leading European Energy and Mobility platforms

Moeve, S.A. (previously known as Compañía Española de Petróleos S.A.U. (CEPSA)) in which MDGH holds a controlling interest, has reached a non-binding agreement with Galp Energia, SGPS, S.A. to advance detailed discussions on the combination of their downstream portfolios with the aim of creating two leading energy companies in the Iberian Peninsula.

Any potential transaction remains subject to the negotiation and execution of final and binding agreements, the necessary corporate approvals, and the applicable regulatory authorisations.

For further information, please contact:

Mamoura Diversified Global Holding PJSC

P.O. Box 45005, Abu Dhabi, United Arab Emirates

Telephone: +971 2 413 0000

Fax: +971 2 413 0001

Email: ir@mubadala.ae (for investor relations queries)
media@mubadala.ae (for media queries)

This announcement is released by MDGH GMTN (RSC) Ltd and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (UK MAR), encompassing information relating to the Global Medium Term Note Programme established by MDGH GMTN (RSC) Ltd. For the purposes of UK MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, this announcement is made by the directors of MDGH GMTN (RSC) Ltd.

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