State Buys More 5.3% of the REN, This Time to Fidelity, and Becomes 19% of the Operator of the Electricity Network
12 Articles
12 Articles
With the purchase of 5.3% of the capital of the REN to the State Fidelity is already very close to the level of 20% that had defined as the objective for its participation in the management of the electricity network
Fidelity has agreed with Parpublica to sell its share in the REN, which is 5.2%. With this acquisition, the State guarantees 19% of the capital of the energy network manager.
State bought the loyalty position, now with 19% of the company.
Portugal has announced that it will strengthen its presence in REN, up to 19% of the capital, through the acquisition of 5.3% more from the Fidelidade Group.
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After having concluded an agreement to purchase 13.7% of the REN in August, the holding manager of the Parpública State buys more 5% and is closer to the Chinese of the State Grid.
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