Portugal

Galp moves action of 523,000 euros against former manager and family

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 01/11/2026, 11:41:24 UTC.

Briefings

A Galp Gas Natural and Petrogal filed a judicial action against ex-manager Pedro Ricardo and seven family members for a total of 523,000 euros. The lawsuit, identified as a pauliana impugnation, was filed in the Lisbon Civil Court on October 8, 2026. The case stems from alleged losses of 60 million euros recorded in 2020 from CO2 license derivative negotiations, which Pedro Ricardo managed between 2015 and 2019. The court proceedings remain unresolved as of the report's publication.

Key points

• The lawsuit was filed on October 8, 2026, in the Lisbon Civil Court against Pedro Ricardo and seven family members.
• The action targets 523,000 euros in damages linked to 60 million euros in alleged losses from CO2 license negotiations.

Context

This legal dispute involves the ex-manager of Galp Gas Natural, who was removed in 2019. The case arises from a 2020 period where the company allegedly lost 60 million euros on CO2 license derivatives, a claim the company previously pursued against the manager in 2022.

Limitations

The report relies on data from the Público newspaper, which is a paid source. The specific nature of the 60 million euro loss remains unverified as the source states it was 'recorded' rather than confirmed. The outcome of the ongoing proceedings is not stated.

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