Portugal agrees to buy a 13.7% stake in REN from Pontegadea
The state-owned company Parpública returns to the capital of the electricity company after acquiring the stake from Amancio Ortega's firm for 324 million euros.
The Portuguese state has agreed to buy a 13.7% stake in power grid operator Redes Energéticas Nacionais (REN) from Spanish investment firm Pontegadea Inversiones, owned by Amancio Ortega. The deal involves the transfer of 91.7 million shares to state-owned Parpública. REN notified the Portuguese Securities Market Commission (CMVM) of the agreement.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
