Pontegadea Inversiones, Amancio Ortega's investment company, founder of Zara, concluded this Monday the sale of the 13.7% stake it held in REN to Parpública, formalizing the deal that had already been announced in August. The operation involved the alienation of 91,723,676 shares representing the share capital of REN, corresponding to the aforementioned 13.7%.
The sale was subject to a suspensive condition, which was the approval by the Court of Accounts. This condition was met, thus allowing the completion of the deal. The document sent to REN indicates that the transaction was carried out over-the-counter.
The Portuguese government had revealed the intention for the State to re-integrate the capital of the company responsible for managing the national energy networks, through Parpública, the public entity that manages State participations. Hours after the initial announcement, the Prime Minister, Luís Montenegro, publicly confirmed the agreement during the PSD party at Pontal. The amount of the transaction was not officially disclosed.
With this operation, Pontegadea ceased its position as a qualified shareholder in REN, no longer holding any shares or voting rights in the company from now on.
