Portugal Raises State Stake in Grid Operator REN to 19%
Portugal's Ministry of Finance said Parpública, the state holding company, agreed on October 9 to acquire Grupo Fidelidade's entire 5.3 percent stake in grid operator REN, raising the state's holding to 19 percent. The transaction remains subject to prior approval from Portugal's Court of Auditors.
The government said its objective for participation in the company had been completed at 19 percent. The agreement followed Parpública's completed acquisition of Pontegadea Inversiones' 13.7 percent holding, after approval on September 1, 2026.
REN operates Portugal's national electricity and natural gas transmission networks. Its shares last traded at EUR 3.59 at the October 16 close on Xetra. The government did not disclose the price of the 5.3 percent acquisition. (GSM, based on Portuguese government statements and market reports)
Source: GSM · USA (original Chinese edition)
Photo: 波尔图里贝拉河岸。 Photo by Diego Delso, Wikimedia Commons, CC BY-SA 3.0.
