Galp Shares Fall 8.6% After Moeve Merger Talks Collapse
Galp shares fell 8.6% to 20.99 euros after talks with Moeve on a potential merger of their downstream operations collapsed, overshadowing quarterly earnings growth and a full-year guidance hike.
By Adam WhittakerShares in Portugal's Galp Energia fell after talks with Moeve on a potential merger of their downstream operations collapsed, overshadowing quarterly earnings growth and a full-year guidance hike.In morning trade, shares fell 8.6% to 20.99 euros. Shares remain up nearly 44% over th…