Oman to buy 40% stake in Portuguese energy utility firm

AME Info Sunday 5th February, 2012

Oman Oil Co, the Sultanate's state-owned investment arm, and China's State Grid Corp have agreed to buy a 40% stake in Portugal's power and gas grid operator Redes Energeticas Nacionais (REN) for a combined $779m investment, Times of Oman has reported. State Grid Corp will buy a 25% stake for $509.09m and Oman Oil Co will buy another 15% for $269.6...

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