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SGCCSignedtheEquityAcquisitionAgreementwithREN2012-2-23SGCCPresidentLiuZhenyasignedtheEquityAcquisitionAgreementwithParpublicaandtheUmbrellaAgreementwithRENatthesigningceremonyheldinLisbon,PortugalinthemorningofFebruary22localtime,whichwaschairedbyPortugueseFinanceMinisterVitorGaspar.Whendeliveringaspeechattheceremony,LiuZhenyamentionedthatZEN'sprivatizationwastransparentandopenandChina'sSGCChasobtainedthetrustandsupportfromthePortuguesegovernmentinthebiddingprocess.Rankingthe7thonFortuneGlobal500in2011,SGCCnowoperatesandmanagesthetransmissionanddistributionpowergridwiththehighestvoltagelevelandthelargestscaleandservingthelargestnumberofpopulation.Thecompanyisdedicatedtotechnicalinnovationinpowerandelectricity,especiallyinUHV,smartgridandbiggridoperationandcontrol,whichpossessaleadingpositionintheworld.AsanimportantutilityenterpriseinPortugal,RENhasaperfecttransmissionnetworkforelectricityandnaturalgas.ItisquiteinfluentialinPortugal,AfricaandSouth-AmericanPortuguese-speakingcountrieswithgoodperformance.SGCCandRENcancomplimenteachother.ThestrategicacquisitionwillbringanewhistoricopportunitytoRENforinnovativeandsustainabledevelopment.Adheringtothetransparentandopenprinciple,SGCCvowstostrengthenthecommunicationandcooperationwithshareholders,takeintoconsiderationthedemandsfromstakeholders,abidebythelawsandregulationsofthePortuguesegovernment,fulfilleverycommitment,fullyrespectREN'scorporateculture,promoteREN'ssustainableandhealthydevelopmentwithendeavorfromallparties,providesafeandreliableenergytoPortugal,andmakepositivecontributionstotheeconomicandsocialdevelopmentforChinaandPortugal.DuringhisstayinPortugal,LiuZhenyametwithPortuguesePMPedroPassosCoelhoandhadanin-depthdiscussionregardingpracticalcooperationinthefieldofelectricityandpower.PremierCoelhosanghighlyofSGCC'sachievementinUHVandsmartgrid,andindicatedthealliancewithcompetententerpriseslikeSGCCwouldbringhistorical
opportunitiestoRENforinnovativeandsustainabledevelopment.Hehopedthattwosideswouldstrengthenexchangeandcooperation,consolidateandexpandtheaccomplishment,andmakenewcontributiontothemutualbenefitanddevelopmentforbothChinaandPortugal.LiuZhenyaalsometwithPortugueseFinanceMinisterVitorGaspar,ForeignMinisterPauloPortas,MinisterofEconomy,Labor,Transport,PublicWorksandCommunicationsÁlvaroSantosPereira,ERSEChairmanVitorSantos,andRENpresidentRueCartaxo.SERCChiefAccountantLuChunquanandCECDeputyDirectorWeiShaofengattendedthesigningceremony. Source:DepartmentofInternationalCooperation
