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Galp Energia, SGPS, S.A. (GLPEY)

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5.10+0.30 (+6.25%)
At close: 3:59PM EDT
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  • Reuters

    Exclusive: Angola moves to seize Dos Santos-linked asset in Dutch court

    Angola has asked a Dutch court to hand over a half-billion-dollar stake in the Portuguese oil company Galp linked to ex-first daughter Isabel Dos Santos, its lawyers told Reuters. Angola's government says top officials under former president Jose Eduardo dos Santos took advantage of high oil prices in the last decade to spin a global web of business deals that led to their personal enrichment at the country's expense. Battered by COVID-19 economic fallout and mired in foreign debt, Angola is seeking to recover assets it says were siphoned off.