Iberdrola acquires 14.2% stake in Neoenergia for €980 million to increase ownership to 98%
Type: Acquisition · Technology: Transmission · Country: Brazil · Value: EUR 980M · Announced: 2026-04-10
Iberdrola agreed to purchase an additional 14.2% stake in its Brazilian subsidiary Neoenergia for approximately €980 million, increasing its total ownership to 98%. The transaction is part of Iberdrola's strategy to consolidate control over Neoenergia, a regulated electricity provider in Brazil's power sector. The acquisition positions Iberdrola to potentially delist Neoenergia from public markets by mid-2026, further streamlining its global portfolio. Neoenergia operates across Brazil's regulated electricity market, which is characterized by long-term contracts and stable cash flows. The deal follows Iberdrola's prior ownership of 83.8% in Neoenergia, demonstrating its commitment to expanding its footprint in Latin America's energy infrastructure.
Counterparties
- Iberdrola (Buyer)
- Neoenergia (Seller)