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Petrobras Ends Talks to Buy Stake in Galp
Petrobras, the state-controlled Brazilian oil giant, said on Monday that it had broken off talks with the Italian energy company Eni about buying a stake in Galp Energia. The company said in a brief filing with the Securities and Exchange Commission that it had “decided to terminate negotiations with ENI S.p.A. and that no interest in Galp Energia has been acquired.” [Read more] Source: New Your Times
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