Portugal's State Moves to 19% of Grid Operator REN by Buying Fidelidade's 5.3%, and Says That Is Enough for Now
Parpública agreed on Friday to buy the Fosun-controlled insurer's 35.5 million REN shares, subject to the Court of Auditors. The price is undisclosed, State Grid keeps 25 percent, and the government says its goal for the grid operator is met.