SAO PAULO, 7 Feb. Brazilian state oil company Petrobras has confirmed the end of negotiations with Eni about the possibility of acquiring the participation of Italian energy group Galp Luso, but both companies have failed to reach an agreement. "Petrobras reports that it has decided to end talks with Eni SPA and has not been concluded for the acquisition of any interest in Galp Energia, the Brazilian company said in a brief statement, which does not explain the causes of the end of negotiations .
Brazilian oil company confirmed in early January, the existence of talks with Eni about the possibility of acquiring the Italian participation in the group luso, although even then stressed that there was no agreement "binding" in this respect between the parties. 
Brazilian oil company confirmed in early January, the existence of talks with Eni about the possibility of acquiring the Italian participation in the group luso, although even then stressed that there was no agreement "binding" in this respect between the parties.
- Brazil's Petrobras Ends Galp Talks (07/02/2011)
- Petrobras says ends Eni talks to buy Galp stake (07/02/2011)
- Petrobras Ends Eni Talks for $5.6 Billion Galp Stake (07/02/2011)
- Eni/Petrobras talks on Galp near breakdown -source (02/02/2011)
- UPDATE 1-Galp shares drop as Petrobras confirms end of talks (07/02/2011)
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