US EditionIberdrola strengthens commitment to Brazil as it seeks 100% control of Neoenergia in €1 billion offer
17 Articles
17 Articles
Energy offers the same price paid to its partner Previ on October 31st for its 30.29% share and follows the steps he already took in 2024 with the American Avangrid
Iberdrola reactivates one of its most recent operations in the Latin American market with the presentation of a share acquisition operation (opa) on 16.2% that does not control its Brazilian subsidiary Neoenergy. The movement, communicated this Monday to the National Securities Market Commission (CNMV) would leave the electric company that presides Ignacio Sánchez Galán as the sole shareholder of the company and would entail the exclusion of its…
Iberdrola has submitted a public offer of acquisition for 16,2 % of the share capital of Neoenergia. With the operation, the Group, which already controls 83,8 % of the capital, would go on to take 100% of its Brazilian subsidiary. Iberdrola offers the same price paid in the recent acquisition of the participation of Caixa de Previdência dos Funcionários do Banco do Brasil (“PREVI”) corresponding to 30,29 % of the capital -32,5 Brazilian reais f…
Market Consensus Link Securities Iberdrola Energía has submitted to the Commission of Securities Furniture (CVM) of Brazil the application for registration of a public offer of acquisition on the totality of the shares of “Neoenergia S.A.” not controlled by the group Iberdrola (IBE) or maintained by Neoenergia in autocarger, representative of approximately 16.2% of its share capital in order to convert from “A” to “B” the category of issuer of …
Iberdrola continues to take out financial muscle to grow in those markets where it operates and sees the most potential. Ignacio Sánchez Galán’s electric company is on track to take full control of its Brazilian subsidiary Neoenergy, just a year after closing the same operation with Avangrid, its US subsidiary. Both operations, together with the purchase of the British Electricity North West (ENW), add up to more than 10 billion euros in corpora…
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