REN Redes Energeticas Nacionais : Supplement to the communication of 02 July
July 03, 2018 at 02:59 pm
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Unofficial Translation
This is an unofficial translation of the proposal indicated below and it has been prepared for information purposes only. In the event of any discrepancy between this translation and the Portuguese version, the Portuguese version will prevail.
COMMUNICATION
Further to the communication disclosed on 2 July 2018, REN - Redes Energéticas Nacionais, S.G.P.S., S.A. hereby informs the market and the general public that the transaction has an estimated impact of approximately EUR 4 million in the consolidated financial statements of REN Group and that the price received for the sale of the shares representing the entire share capital of REN Portgás GPL, S.A. to ENERGYCO II, S.A. corresponds to EUR 4 million of proceeds.
REN - REDES ENERGÉTICAS NACIONAIS, SGPS, S.A.
Lisbon, 03 July 2018
REN - REDES ENERGÉTICAS NACIONAIS, S.G.P.S., S.A.
Listed Company (Sociedade Aberta)
Head Office: Avenida Estados Unidos da América, nº 55, 1749-061 Lisbon
Share Capital: € 667,191,262
Commercial Registry Office of Lisbon: registry and tax sole number: 503 264 032
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REN - Redes Energéticas Nacionais SGPS SA published this content on 03 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 July 2018 18:58:01 UTC
REN - Redes Energéticas Nacionais, SGPS, S.A. specializes in the operation and concession management of the Portuguese electricity transportation network. Net sales break down by activity sector as follows:
- electricity (63.7%): transportation of electricity from producers to end distributors and consumers, management of the electricity transportation network (connecting user installations to the network, maintenance of the network, etc.). At the end of 2022, the network has a total of 9,424 Km;
- gas (34.8%): transportation of natural gas from producers to end distributors and industrial consumers, underground storage of natural gas, receiving, storage, and regasification of liquid natural gas (LNG), infrastructure construction and maintenance services, etc.;
- telecommunications (1.3%);
- other (0.2%).