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Ren Redes Energeticas Nacionais SGPS SA (RENE.LS)

RENE.LS on Lisbon Stock Exchange

2.45EUR
18 Dec 2017
Change (% chg)

€0.03 (+1.03%)
Prev Close
€2.42
Open
€2.44
Day's High
€2.46
Day's Low
€2.44
Volume
358,800
Avg. Vol
898,271
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 01:31am EST 

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 04:04am EST 

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 03:44am EST 

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 06:01am EST 

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 01:14pm EDT 

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

EDP concludes sale of 100 pct of EDP Gas to REN
Wednesday, 4 Oct 2017 12:17pm EDT 

Oct 4 (Reuters) - EDP ENERGIAS DE PORTUGAL SA ::SAYS CONCLUDES SALE THROUGH ITS UNIT EDP IBERIA OF 100 PERCENT OF EDP GAS DISTRIBUTION IN PORTUGAL TO REN GAS.  Full Article

REN says conditions met for acquisition of EDP Gas SA
Thursday, 21 Sep 2017 12:02pm EDT 

Sept 21 (Reuters) - REN REDES ENERGETICAS NACIONAIS SA ::SAYS CONDITIONS MET FOR ACQUISITION BY ITS UNIT REN GAS OF TOTAL SHARE CAPITAL OF EDP GAS SA.SAYS EXPECTS TRANSACTION WILL BE COMPLETED WITHIN APPROXIMATELY 15 DAYS.  Full Article

REN H1 net profit up 31 pct at 53.0 million euros YoY
Thursday, 27 Jul 2017 01:08pm EDT 

July 27 (Reuters) - REN REDES ENERGETICAS NACIONAIS SA ::H1 NET PROFIT 53.0 MILLION EUROS VERSUS 40.5 MILLION EUROS YEAR AGO.H1 EBITDA 242.7 MILLION EUROS VERSUS 240.2 MILLION EUROS YEAR AGO.SAYS AVERAGE REGULATED ASSET BASE 3.47 BILLION EUROS AT END-JUNE VERSUS 3.52 BILLION EUROS AT END-JUNE 2016.  Full Article

REN signs 532 mln euro financing agreement to buy EDP Gas
Friday, 12 May 2017 03:21am EDT 

May 12 (Reuters) - REN REDES ENERGETICAS NACIONAIS SGPS SA ::SAID ON THURSDAY ENTERS FINANCING AGREEMENT WITH SYNDICATE OF BANKS.FINANCING AGREEMENT FOR THE TOTAL AMOUNT OF 532 MLN EUROS FOR THE PURPOSE OF BUYING EDP GAS SGPS SA nL8N1HF5I6.DURATION OF FINANCING 7 MONTHS WITH TWO 6-MONTH EXTENSION OPTIONS.  Full Article

REN Q1 EBITDA up 2.1 pct at 123.7 million euros YoY
Thursday, 11 May 2017 12:42pm EDT 

May 11 (Reuters) - REN REDES ENERGETICAS NACIONAIS SA ::Q1 EBITDA 123.7 MILLION EUROS VERSUS 121.1 MILLION EUROS YEAR AGO.Q1 NET PROFIT 13.5 MILLION EUROS VERSUS 6.1 MILLION EUROS YEAR AGO.AVERAGE REGULATED ASSET BASE OF 3.50 BILLION EUROS AT END-MARCH VERSUS 3.54 BILLION EUROS AT END-MARCH 2016.SAYS NET DEBT OF 2.54 BILLION EUROS AT END-MARCH VERSUS 2.47 BILLION EUROS AT END-MARCH 2016.  Full Article