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Award that the state paid to buy REN's capital was lower than what it collected when it privatized the company in 2012Photo by Felix-Mittermeier on Pexels
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Award that the state paid to buy REN's capital was lower than what it collected when it privatized the company in 2012

Now15 September 2026 at 13:23

The Portuguese State bought REN (Redes Energéticas Nacionais) capital paying a premium for the deal. This premium was lower than the value the State had collected when it privatized the company in 2012. Caixa Geral de Depósitos' investment bank was requested by Parpública to carry out an evaluation of the acquisition. The evaluation considered parameters such as the target price and the possibility of the deal granting rights to seats on the company's board.

Why this matters

Readers are affected because the Portuguese State is reversing the privatization of a strategic energy sector company, having paid a premium for the capital. The operation raises questions about the management of public heritage and the financial return for taxpayers, especially considering that the State profited from the original privatization in 2012.

About this summary

This is our short summary of a report published by Now on 15 September 2026 at 13:23; the full text stays with the publisher. In our feed it sits under Business. We currently carry 23207 items in that section.

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