Portugal state buys 13.7% stake in REN to protect strategic assets
Portugal's government said it bought a stake in power and gas grid operator REN to safeguard strategic assets and gain greater influence over key investments. The state agreed last month to buy 13.7% of REN.
Portugal's government said on Wednesday it bought a stake in power and gas grid operator REN EURONEXT:RENE to safeguard strategic assets amid rising geopolitical uncertainty and to gain greater influence over key investments. 7% of REN, the government said.