US EditionNeonergia Completes Sale of 70% of the Baixo Iguaçu Hydroelectric Plant to Copel for r$1.05 Billion
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On June 30, Copel announced the completion of the purchase of 100% of the shares of Geração Céu Azul. The company holds 70% of the shares of Consórcio Baixo Iguaçu, which controls the Baixo Iguaçu Hydroelectric Plant in southwestern Paraná. The transaction was concluded for a total of R$1.05 billion. Copel may also purchase the remaining 30% of the Consortium, currently held by Energo-Pro, for R$570 million. Copel's announcement was sent to the …
The Spanish company Iberdrola, through its Brazilian subsidiary Neoenergia, has reported that it ended the sale of the control of the hydroelectric 'Baixo Iguaçu', in Brazil, to the local company Copel, which was a minority partner of the asset. "Neoenergia and Copel Geração e Transmissão S.A. fulfilled all the above conditions and, on this day, concluded the operation", said the subsidiary of Iberdrola in a communiqué sent to the financial mark…
With the sale, Neoenergia no longer holds any stake in Baixo Iguaçu
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