REN announces sale of shareholding to Parpública
The agreement is subject to approval by the Court of Auditors and involves approximately thirteen percent of the share capital.
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Portuguese electricity and gas transmission system operator
ren.ptLast updated
In short: REN saw the Portuguese state return to its capital with a 13.7% stake acquisition and reported a 42% increase in first-half net profits.
The agreement is subject to approval by the Court of Auditors and involves approximately thirteen percent of the share capital.
EBITDA rose 10.8% to €284.2M, net profit up 42.1% to €93.4M, driven by higher domestic and international performance.
The certification was issued to G3 Go Green Gas, marking a milestone in renewable gas mobility.
Fitch upgraded REN's Issuer Default Rating to BBB+ and Senior Unsecured Debt to A-.
The issue has entered the agenda of the Portuguese government just after the state's return to the capital of Redes Energéticas Nacionais (REN), the manager of...
Porto Business School economist Filipe Grilo contests the arguments presented by the Prime Minister for the State's re-entry into the capital of Redes Energéticas Nacionais...
Portugal agreed to buy a 13.7% stake in power-grid operator REN — Redes Energéticas Nacionais from Spanish billionaire Amancio Ortega’s investment firm, a little more...
Company led by Rodrigo Costa explains that the improvement in net income was due to the rise in EBITDA, favorable currency effects and lower taxes.
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