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RENE — REN Redes Energeticas Nacionais SGPS SA News Story

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Brief: REN Buys Transmission Electricity Company TENSA In Chile For $71.4 Mln

April 22 (Reuters) - REN Redes Energeticas Nacionais SGPS SA RENE.LS:

SAID ON MONDAY, ITS UNIT TRANSEMEL, ACQUIRED FROM CMPC ENTIRE SHARE CAPITAL OF TRANSMISORA DE ENERGÍA NACIMIENTO (TENSA), FOR $71.4 MILLION

WITH THIS ACQUISITION, TRANSEMEL, REN’S CHILEAN SUBSIDIARY RESPONSIBLE FOR ELECTRICITY TRANSMISSION, WILL OPERATE AROUND 280 KM OF TRANSMISSION LINES IN THE COUNTRY, AS WELL AS 5 SUBSTATIONS

ACQUISITION OF TENSA WILL BE FULLY FINANCED THROUGH EXTERNAL DEBT

 Source text for Workspace: https://tinyurl.com/bddesdzd
 Further company coverage: RENE.LS

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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