Portugal acquires 19% of national power grid operator REN
Portugal Government News - The Portuguese Government has increased its stake in REN's share capital to 19%, following the acquisition of 5.3% of the company's shares on October 12, 2026, that were previously held by the Fidelidade Group. The Governenment of Portugal had already acquired a 13.7% stake in REN on September 8, 2026, from company Pontegadea Inversiones. Following these two operations, Portugal´s Government considers that the objective of increasing its share in national power grid operator REN has been achieved. It should be noted that, within the European Union, Portugal was the only EU state absent from the capital of the country's Energy Network. Portugal will now have a significant stake in REN's capital, alongside China’s state-owned company State Grid Corporation of China (SGCC) that is the largest shareholder of Portugal´s Critical Energy Infrastructure with a 25% share.
The Portuguese State, acquired 5.3% of REN's capital through public company Parpública and now has a qualified stake in Portugal´s Power Grid operator REN. Portugal´s increased stake in national power grid company REN will allow the Portuguese Government to actively participate in the company's strategic decisions as the operation aims to defend Portugal´s public interest and preserve a strategic asset for the country.
The Government of Portugal, through Parpública, completed the acquisition of the entire stake of Pontegadea Inversiones in REN's capital, corresponding to a 13.7% share, on September 1, 2026. With the additional acquisition of 5.3% of REN´s capital from Fidelidade Group, the Portuguese Government has increased the State's stake in REN to reach 19% through public company Parpública. At this stage, the Portuguese Government considers that the objective of acquiring a significant share in REN has been achieved.
Who are the main shareholders of Portugal´s Power Grid operator REN in October 2026?
The largest shareholder of Portugal´s Power Grid operator REN is the State Grid Corporation of China with a 25% share.
With its new investment on October 12, 2026, the Portuguese Government becomes the second largest shareholder of Portugal´s Power Grid operator REN with a 19% share.
