Court of Auditors reviews purchase of shares in REN

The Court of Auditors commenced the prior review process on Monday for the acquisition of 13.7% of REN (National Electricity Grid) by the State. According to an official source from the institution, this procedure was initiated on the first business day following the notification of the contract to the market.

This process is a prior review analysis, an essential practice aimed at ensuring compliance with state purchases. Reports indicate that in recent governments led by António Costa, the Court of Auditors did not previously assess some acquisitions made by the State.

The acquisition in question has generated attention, as it represents a significant decision by the government regarding state participation in strategic companies.

The Court of Auditors, responsible for the financial oversight of the State, will now examine all aspects of this transaction to ensure it complies with appropriate legal and financial standards.

The initiation of this procedure is part of the regular functioning of the entity, led by Filipa Urbano Calvão, which aims to ensure transparency and legality in the actions of the State.

The analysis includes reviewing the contract and assessing the fiscal impacts that the purchase may bring to public finances, highlighting the importance of scrutiny in acquisitions of this magnitude.