King & Wood Mallesons advises Galp on the sale of its LPG business in Spain

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The Energy team at King & Wood Mallesons (KWM) has advised the Portuguese energy company Galp on the sale of its LPG portfolio of clients and assets in bulk and channelled in Spain to the business Primagas. This transaction allows Primagas, subsidiary of SHV Energy, to become the third operator in the LPG sector of Spain and to increase its client numbers from 13,000 to 20,000.

Gonzalo Olivera, partner of Energy at KWM, has coordinated the advice to Galp on this deal. 

Previously, the KWM team has advised Galp on its other operations in the Spanish market, among them, the Power Purchase Agreement (PPA) with X-Elio for the construction of various solar plants with a joint power capacity of 200 megavolts (MW).

Galp, specialised in the commercialisation of oil products and associated services, currently employs 2,230 workers with a network of 580 services stations in Spain. 

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