The State paid 100,000 euros in legal and financial advisory services for the purchase of 13.7% of REN, clarified the Ministry of Finance. The operation involved Caixa Banco de Investimento and Servulo and Associados.
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19/09/2026
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O Ministry of Finance revealed this Saturday that the State paid 100,000 euros for the “services provided” by legal and financial advisors contracted to support the purchase of 13.7% of REN’s capital – National Energy Networks.
The clarification arose after the Morning Mail have advanced that the “purchasing of the 13.7% participation in REN by the State gave rise to the payment of commissions”. According to the diary, the “revealment of these committees is contained in a document sent by the Government to the Court of Auditors”.
However, in a note sent to the editorials, the Ministry of Finance considered that there was a “fake and slanderous mail” and clarified that, “to advise this operation, from a legal and financial point of view, the investment bank of the Caixa Geral de Depósitos Group (Caixa Banco de Investimento) and the office of lawyers Serbian and Associates were hired”.
“ As a whole, the services provided by these entities had a cost of 100 thousand euros ", stressed the ministry protected by Joaquim Miranda Sarmento.
The Ministry of Finance further clarified that the “difference between the funding” made available by the State to Parpublica, of some EUR 393 million, and the EUR 389.8 million paid, “is due to the fact that a maximum value has been capped, as is customary in this type of case, and a lower value has been paid, at about EUR 4 million, which is close to Parpublica”.
“It should also be noted that this operation has no impact on the budgetary balance, nor on public debt”, reads the note.
It is recalled that the Government concluded the acquisition of 13.7% of REN's capital to Pontegadea, investment company of Indix founder Amancio Ortega, at the beginning of September.
Pontegadea transferred REN’s shares to Parpublica 91,723,676, equivalent to 13.7% of the capital, “following the verification of the suspensive condition provided for in the contract of purchase and sale concluded with Parpublica on 14 August”.
The operation represents the return of the State to the capital of the company considered strategic for Portugal and the total exit of Pontegadea from REN, according to the information provided by the company.