Finance
Pontegadea sells 13.7% of REN to Parpública
A contract between Pontegadea Inversiones and Parpública for the sale of shares in REN was announced today.
Pontegadea Inversiones announced the signing of a contract with Parpública for the sale of 91,723,676 shares of REN, representing 13.7% of the company's capital. This information was communicated to the market on Friday.
The statement indicates that REN has received formal notification from Pontegadea Inversiones regarding the transaction. The deal marks a return of the State to the company's capital, which is a crucial operator in the energy sector.
REN, which operates in the distribution of electricity and gas, has remained under the scrutiny of investors and analysts due to its importance in national infrastructure. The sale of shares by Pontegadea is a significant development to watch in the business context.