Bloomberg News

Portuguese Government Approves Decree on EDP, REN Stake Sales

September 29, 2011

Sept. 29 (Bloomberg) -- The Portuguese government today approved a decree on the planned sale of its stakes in utility EDP-Energias de Portugal SA and in energy grid operator REN- Redes Energeticas Nacionais SA.

The sale of the stakes “will be essentially carried out through direct sales, without ruling out the possibility of using other mechanisms such as public offerings,” the government said in a statement handed to reporters after the weekly cabinet meeting.

The government has said it plans to sell its stakes in EDP and REN this year.

To contact the reporter on this story: Anabela Reis in Lisbon at

To contact the editor responsible for this story: Joao Lima at

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