Portugal buys 13.7% of REN from Amancio Ortega for €389.8M

The Portuguese government acquired a 13.7% stake in REN, the national energy grid operator, from Amancio Ortega's Pontegadea for €389.8 million, with advisory costs of €100,000. The move increases state control over critical energy infrastructure, potentially signaling a strategic shift toward greater public ownership. The transaction's implications for REN's governance and future privatization are uncertain.