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Ren Redes Energeticas Nacionais SGPS SA (RENE.LS)

RENE.LS on Lisbon Stock Exchange

2.42EUR
15 Dec 2017
Change (% chg)

€0.02 (+0.71%)
Prev Close
€2.40
Open
€2.40
Day's High
€2.44
Day's Low
€2.40
Volume
2,861,791
Avg. Vol
895,530
52-wk High
€2.82
52-wk Low
€2.35

Latest Key Developments (Source: Significant Developments)

Oman Oil Company decreases stake in REN to 12 pct
Friday, 15 Dec 2017 

Dec 15 (Reuters) - REN REDES ENERGETICAS NACIONAIS SGPS SA ::SAID ON THURSDAY OMAN OIL COMPANY HAS DECREASED ITS INDIRECT QUALIFIED SHAREHOLDING TO 12 PCT FROM 15 PCT OF THE VOTING RIGHTS CORRESPONDING TO THE SHARE CAPITAL OF REN.  Full Article

REN says 250 Mln Euro Share Capital Increase Fully Subscribed
Friday, 8 Dec 2017 

Dec 8 (Reuters) - REN REDES ENERGETICAS NACIONAIS SGPS SA ::SAID ON THURSDAY CONCLUDED ITS 250 MILLION EUROS CAPITAL INCREASE THROUGH ISSUE OF 133.2 MILLION NEW SHARES, HAVING THE ISSUE BEEN TOTALLY SUBSCRIBED WITH DEMAND REPRESENTING 165.6 PERCENT OF OFFER.OPERATION SUCCESSFULLY CONCLUDED WITH ISSUE OF 133.2 MILLION ORDINARY SHARES WITH NOMINAL VALUE OF 1 EURO EACH, WITH SUBSCRIPTION PRICE OF 1.877 EUROS PER SHARE.  Full Article

Bookrunner says TERP 2.503 euros in Ren Redes Energeticas Nacionais rights issue
Friday, 17 Nov 2017 

Nov 17 (Reuters) - BOOKRUNNER (REN REDES ENERGETICAS NACIONAIS SA)::BOOKRUNNER SAYS RIGHTS ISSUE TERP €2.503, BASED ON CLOSING PRICE ON EURONEXT LISBON ON NOV 10 (€2.66).BOOKRUNNER SAYS RIGHTS ISSUE DISCOUNT TO TERP C.25%, BASED ON CLOSING PRICE ON EURONEXT LISBON ON NOV 10 (€2.66).  Full Article

Portugal's REN to complete righst issue by year-end
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Ren Redes Energeticas Nacionais Sgps Sa :Chief Financial Officer Goncalo Moraes Soares says the company will complete a previously announced 250 million euro ($290.00 million) rights issue by the end of 2017..The rights issue plan was first announced in April when REN agreed to buy EDP Gas distribution business in Portugal for 532 million euros..The rights issue will be used to finance part of the acquisition.nL8N1HF5I6.Further company coverage: RENE.LS.  Full Article

REN 9-month net profit of 88.9 mln euros, above analysts forecast
Friday, 3 Nov 2017 

Nov 3 (Reuters) - REN REDES ENERGETICAS NACIONAIS SA ::9-MONTH NET PROFIT 88.9 MILLION EUROS VERSUS AVERAGE ANALYSTS FORECAST 85.6 MILLION EUROS.9-MONTH EBITDA 364.4 MILLION EUROS VERSUS AVERAGE ANALYSTS FORECAST 361 MILLION EUROS.SAYS AVERAGE REGULATED ASSET BASE 3.46 BILLION EUROS AT END-SEPT. VERSUS 3.50 BILLION EUROS AT END-SEPT. 2016.SAYS NET DEBT 2.54 BILLION EUROS AT END-SEPT. VERSUS 2.48 BILLION EUROS AT END-SEPT. 2016.  Full Article

REN 9-month net profit of 70.5 mln euros, slightly above analysts forecast
Friday, 4 Nov 2016 

REN Redes Energeticas Nacionais SA : 9-month net profit 70.5 million euros ($78.4 million) versus average analysts forecast of 70 million euros . 9-month EBITDA 357.2 million euros versus average analysts forecast of 362 million euros . Says average regulated asset base at end-Sept. of 3.50 billion euros versus 3.53 billion euros at end-Sept. 2015 .Says net debt at end-Sept. of 2.48 billion euros versus 2.45 billion euros at end-Sept. 2015.  Full Article

REN issues 200 mln euros in Euro medium term notes
Monday, 10 Oct 2016 

Redes Energeticas Nacionais SGPS SA : Said on Friday that REN Finance BV agreed on the terms of issue of a new tranche of Euro medium term notes in a total amount of 200 million euros ($224.0 million) .The tranche will be due in February 2025 and will bear an interest rate equal to the mid swap rate for the maturity plus 1.35 percent.  Full Article

REN Q2 net profit at 34.4 million euros
Thursday, 28 Jul 2016 

Ren Redes Energeticas Nacionais SA : Q2 net profit 34.4 million euros ($38.1 million) . Q2 EBITDA 119.1 million euros . Says average regulated asset base at end of June of 3.52 billion euros versus 3.56 billion euros at end of June 2015 .Says net debt at end of June of 2.53 billion euros versus 2.49 billion euros at end of June 2015.  Full Article

REN to issue 550 million euro 7-year notes
Wednesday, 25 May 2016 

Ren Redes Energeticas Nacionais SGPS SA : Announced on Tuesday that it agreed on the terms and conditions for an issue of notes by REN Finance BV .To issue notes in the nominal aggregate amount of 550.0 million euros ($612.9 million), with a maturity of seven years and an interest rate of 1.821 percent.  Full Article

REN to close 2018, 2020 notes placement
Wednesday, 25 May 2016 

REN Redes Energeticas Nacionais SGPS SA : Said on Tuesday, for its notes offer of 300 million euros ($334.5 million) and 4.125 percent due in 2018, received valid tenders for 137.2 million euros . Said, for its notes offer of 400 million euros and 4.750 percent due in 2020, received valid tenders for 132.2 million euros .To accept valid tenders in full, with no pro rata scaling, on May 31.  Full Article

BCP dispara e PSI20 lidera Europa, após melhoria de 'rating' Portugal

Sept 18 O PSI20 mantém-se na liderança entre as bolsas europeias, com ganhos de 1,6 pct, após uma melhoria de 'rating' de Portugal pela 'Standard & Poor's' de 'lixo' para grau de investimento, que levou ao disparo do BCP de 6 pct impulsionado, também pela boa prestação do sector da banca, segundo traders.