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REN signs finance contract with Bank of china

 

REN – Redes Energéticas Nacionais has signed a finance contract   for the sum of 200 million euros with Bank of China, with a term of five years.

The agreement signed in Lisbon intended to finance the general activities of the company and is further diversifying its funding base in geographies outside Europe.

  Gonçalo Morais Soares, REN CFO, said: “ "This agreement is another step in the process of refinancing the company, helping improve the liquidity of REN and reduce their costs."