The merger of Total Portugal and CEPSA

A Work Project, presented as part of the requirements for the Award of a Masters Degree in Management from the NOVA – School of Business and Economics

The main objective of the case is to understand the rationale of the merger between Total Portugal and CEPSA Portugal, with special focus in the motivations and integration process. The project is divided in two parts. In the first part the case is presented through an overview of the companies and the oil industry, description of the merger, motivations and integration process. The second part is related to the discussion of the topics employing the findings of the literature review related with M&A’s, and it addresses the following topics: synergies, integration, and performance and consequences.