Iberdrola acquires 14.2% stake in Neoenergia for €980 million to increase ownership to 98%

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.

Counterparts (2)

Seller

Neoenergia

company

Brazilian electric utility subsidiary of Iberdrola, operating in generation, transmission, distribution, and commercialization across 18 states and the Federal District. Develops and operates renewable energy projects including wind, solar, and hydropower with 3.9 GW of installed capacity.

Buyer

Iberdrola

company · 3 deals

Iberdrola is a global energy leader, primarily focused on renewable energy development and operation. They invest in clean energy technologies, smart grids, and energy storage solutions to drive the energy transition.