Overview

• SEPI’s 20% stake delivered the majority needed to ratify non-executive president Beatriz Corredor and CEO Roberto García Merino for another term.
• Shareholders approved the re-election of José María Abad Hernández and the appointments of Natalia Fabra, Albert Castellanos and former foreign minister Arancha González Laya.
• Management insisted Redeia met all technical obligations, blamed generators for the blackout and declined to make any financial provisions.
• Minority investor groups including AEMEC and ShareSoc criticized the board’s independence, demanded greater disclosure and called for Corredor’s resignation.
• Official probes by the CNMC, Entso-E and the Audiencia Nacional continue alongside rollout of macro-decree measures to bolster grid oversight