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Ren Redes Energeticas Nacionais SGPS SA (RENE.LS)

RENE.LS on Lisbon Stock Exchange

2.44EUR
17 Aug 2018
Change (% chg)

€0.00 (+0.08%)
Prev Close
€2.44
Open
€2.44
Day's High
€2.45
Day's Low
€2.43
Volume
413,512
Avg. Vol
1,190,705
52-wk High
€2.71
52-wk Low
€2.32

Latest Key Developments (Source: Significant Developments)

REN Redes Energeticas Nacionais H1 EBITDA Up 4 Pct YoY
Thursday, 26 Jul 2018 

July 26 (Reuters) - Ren Redes Energeticas Nacionais SGPS SA ::H1 NET PROFIT 52.8 MILLION EUROS VERSUS 53.0 MILLION EUROS YEAR AGO.H1 RECURRENT NET PROFIT 78.4 MILLION EUROS VERSUS 80.9 MILLION EUROS YEAR AGO.H1 EBITDA 252.4 MILLION EUROS VERSUS 242.7 MILLION EUROS YEAR AGO.SAYS AVERAGE REGULATED ASSET BASE 3.86 BILLION EUROS AT END-JUNE VERSUS 3.47 BILLION EUROS AT END-JUNE 2017.  Full Article

REN: Sale Of LPG Business To Have Impact Of 4 Mln Euros On Financials
Tuesday, 3 Jul 2018 

July 4 (Reuters) - REN REDES ENERGETICAS NACIONAIS SGPS SA ::SAID ON TUESDAY THAT TRANSACTION FROM JULY 2 nL8N1TZ0JQ, THE SALE OF REN PORTGAS GPL TO ENERGYCO II, HAS IMPACT OF AROUND 4 MILLION EUROS ON CONSOLIDATED FINANCIAL STATEMENTS OF REN.THE PRICE RECEIVED FOR THE SALE ALSO CORRESPONDS TO 4 MILLION EUROS.  Full Article

REN Sells LPG Business To Energyco II
Tuesday, 3 Jul 2018 

July 3 (Reuters) - REN REDES ENERGETICAS NACIONAIS SGPS SA ::SAID ON MONDAY ITS UNIT REN PORTGAS DISTRIBUICAO HAS ENTERED AN AGREEMENT TO SELL THE ENTIRE SHARE CAPITAL OF REN PORTGAS GPL TO ENERGYCO II.ITS STRATEGY IS FOCUSED ON REGULATED BUSINESSES AND THEREFORE DECIDED TO SELL THE LIQUEFIED PETROLEUM GAS (LPG) BUSINESS THAT WAS ACQUIRED IN 2017 WITH ACQUISITION OF EDP GAS.  Full Article

REN Issues 300 Mln Euros Of European Medium Term Notes
Friday, 12 Jan 2018 

Jan 12 (Reuters) - REN REDES ENERGETICAS NACIONAIS SGPS SA ::SAID ON THURSDAY, REN FINANCE HAS AGREED TERMS OF ISSUE OF 300 MILLION EUROS OF EUROPEAN MEDIUM TERM NOTES .PURPOSE OF ISSUE IS TO REPAY BRIDGE LOAN USED ON RECENT REN PORTGAS ACQUISITION.  Full Article

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

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In Portugal, trust in China is the art of the deal

LISBON Utility company EDP may balk at the meagre 5 percent premium offered for its shares by China Three Gorges (CTG) but the battle for Portugal's biggest business has largely played out already.