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Portugal Sells State Stake in Energy Grid Operator REN Amid Political Backlash Business

Portugal Sells State Stake in Energy Grid Operator REN Amid Political Backlash

The Portuguese government has approved the sale of its remaining share in electricity transmission firm REN to state investment arm Parpública, triggering criticism from opposition parties and concerns over the role of the sovereign wealth fund. The deal, valued at roughly €1 billion, is seen as a test of Portugal’s fiscal strategy and energy policy ahead of upcoming elections.

World Desk