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REN sells LPG business

 

REN sold the liquefied petroleum gas (LPG) business to ENERGYCO II, S.A.

The operation was carried out through REN Portgás Distribuição, which entered into a share purchase and sale agreement in which it disposed of the shares representing the share capital of REN Portgás GPL.

REN's strategy is to focus on regulated businesses, and thus decided to dispose of the liquefied petroleum gas (LPG) business it had acquired when purchasing EDP Gás in 2017.