Global Infrastructure SherpaIberdrola launches takeover bid for remaining 16.2% stake in Brazilian subsidiary Neoenergia
Iberdrola has launched a takeover bid to acquire the remaining 16.2% of shares in its Brazilian subsidiary Neoenergia, targeting the portion of share capital it does not already control. The offer price is 32.5 Brazilian reais per share, adjusted by the SELIC interest rate and reduced by an extraordinary dividend. This move follows Iberdrola's previous acquisition of a 30.29% stake in Neoenergia from Caixa de Previdência dos Funcionários do Banco do Brasil, solidifying its control over a company that focuses 90% of its business on electricity networks and supplies power to approximately 40 million people in Brazil.
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The offer targets the 16.2% of Neoenergia’s share capital that Iberdrola does not already control. The offer price is 32.5 Brazilian reais per share, adjusted by the official Brazilian SELIC interest rate and reduced by the extraordinary dividend declared by Neoenergia on 31 December 2025. Iberdrola has submitted the takeover documentation to the Brazilian Securities and Exchange Commission and the Novo Mercado segment of the Brazilian stock exchange B3. Neoenergia supplies power to about 40 million people in Brazil. Neoenergia focuses around 90% of its business on electricity networks. Iberdrola previously acquired a 30.29% stake in Neoenergia from Caixa de Previdência dos Funcionários do Banco do Brasil.
"Iberdrola has launched a takeover bid to acquire all remaining shares in its Brazilian subsidiary Neoenergia."
"its Brazilian subsidiary Neoenergia."
"following its acquisition of a 30.29% stake in Neoenergia from Caixa de Previdência dos Funcionários do Banco do Brasil."
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