The founder of Inditex, Amancio Ortega, has acquired through his society, punctually a 12% stake in the capital of Nacionais (REN) energy networks, the operator of the Portuguese electricity network, valued at around 190 million euros.
According to the company to the Portuguese stock market supervising (CMVM), Ortega’s investment vehicle, the richest man in Spain, has reached an agreement with Mazoon -Society of Oman Oil- to be made with this participation of 12.006% in REN.
Oman Oil had already announced a few months ago his intention to abandon the capital of Portuguese energy and had also requested to leave his board of directors.
In this way, Ortega is erected in the second main shareholder of the operator of the LUSA electric network, only behind State Grid Corporation of China (25.0%) and ahead of Lazard (7%).
This operation occurs after Querete Same Thursday, it was also known by the Takenate Investments of a 5% stake in Grupo Red Eléctrica, the operator of the Spanish electricity network.
Ortega is so also the second maximum shareholder of network, only behind the State, which has 20% of capital through the State Society of Industrial Participations (SEPI).
The third main shareholder of the company is BlackRock, with 3.14%.
Sources of the Amancio Ortega Inverter Arm indicated to Europe Press that this operation responded “to the demanding criteria that is applied to all its investments, both in its main business (in the selection of its real estate asset portfolio) and in financial investments in
Other sectors ”
“Participation in Ree supposes the incorporation into our portfolio of a quality asset in which we have a vocation for long-term permanence: a company in the energy infrastructure sector with an adequate environmental, social and good governance strategy (ESG)”
, they explained.
In addition, the Investor Vehicle of Amancio Ortega also disembarked at the end of 2019 in Enagás, the manager of the Gasista Network, with the purchase of 5% of the capital for an amount of 281.63 million euros in an extension of capital carried out by
the group.
In addition to these participations and 59.294% in Inditex, Pontegadeea has relevant participations of a financial nature in Telxius (9.99%).
The Group Pontegadea, which brings together all the portfolio corporations owned by Amancio Ortega, its subsidiaries dedicated to the real estate business and other financial shares, closed 2020 with a net profit of 666 million euros, which represents a fall of 62
% compared to the preceding exercise, the first in its history.
The firm, which was constituted in 2001, achieved this benefit in a year marked by the Covid-19 pandemic after counting 60 million euros in donations to the Amancio Ortega Foundation, as explained.
Likewise, the investment arm of the Inditex Founder closed 2020 figure with a business figure of 1,282 million euros, which represents a decrease of 43% with respect to the 2,261 million reached one year earlier.
