World & BusinessPortugal's REN stake acquisition comes with assurances for China's State Grid
Reuters reports that Portugal's government said its acquisition of a stake in power and gas grid operator REN would not affect China's State Grid's 25% holding.
TLDR
Portugal's government said its acquisition of a stake in REN would have no implications for the 25% stake held by China's State Grid, Reuters reports. The government wants State Grid to remain a key shareholder in the power and gas grid operator.
Portugal's REN stake acquisition comes with assurances for China's State Grid
Reuters reports that Portugal's government said its acquisition of a stake in power and gas grid operator REN would not affect China's State Grid's 25% holding.
TLDR
Portugal's government said its acquisition of a stake in REN would have no implications for the 25% stake held by China's State Grid, Reuters reports. The government wants State Grid to remain a key shareholder in the power and gas grid operator.