Montenegro states state entry into REN will affect electricity prices

Portugal's Prime Minister, Luís Montenegro, stated that the state's acquisition of a 13.7% stake in REN, formerly held by a company owned by the owner of Zara, will have an impact on electricity prices in the medium and long term.

Montenegro emphasized that this operation is significant, as it will involve issues related to listed companies and their regulations. He assured that all elements related to the state's entry into REN will be made available to the public.

According to Montenegro's statements, the decision to reintegrate the state into REN's capital aligns with a strategy aimed at positively influencing electricity costs for both households and businesses.

Additionally, the prime minister stated that transparency will be a priority throughout this process, committing to sharing relevant information about the operation.

The acquisition, which represents a shift in REN's shareholder dynamics, is expected to bring consequences that will impact not only the company's structure but also the electricity market in Portugal.

Montenegro concluded by highlighting the importance of ensuring that these operations are conducted in compliance with the applicable rules for listed companies, stressing the state's responsibility in this matter.