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Iberdrola raises stake in Brazilian business Neoenergia to 84% for $2.2 billion

Published by Global Banking & Finance Review

Posted on September 11, 2025

1 min read

· Last updated: January 22, 2026

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Iberdrola raises stake in Brazilian business Neoenergia to 84% for $2.2 billion
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(Reuters) -Spanish power utility Iberdrola has bought a 30.29% stake in its Brazilian business Neoenergia from Brazilian pension fund Previ for 11.95 billion reais ($2.21 billion), it said on Thursday

Iberdrola Increases Ownership in Neoenergia to 84% with $2.2 Billion Deal

Iberdrola's Strategic Investment in Brazil

(Reuters) -Spanish power utility Iberdrola has bought a 30.29% stake in its Brazilian business Neoenergia from Brazilian pension fund Previ for 11.95 billion reais ($2.21 billion), it said on Thursday.

Details of the Acquisition

The acquisition will lift Iberdrola's stake in Neoenergia to 83.8%, it said.

Impact on Neoenergia's Operations

(Reporting by Javi West LarrañagaEditing by David Goodman)

Key Takeaways

  • Iberdrola acquires 30.29% of Neoenergia from Previ.
  • The deal is valued at 11.95 billion reais ($2.21 billion).
  • Iberdrola's stake in Neoenergia rises to 83.8%.
  • The acquisition strengthens Iberdrola's presence in Brazil.
  • The transaction involves a major Brazilian pension fund.

Frequently Asked Questions

What is equity?
Equity refers to the ownership interest in a company, represented by shares of stock. It signifies the value of an owner's stake in the business after all liabilities have been deducted.
What is an acquisition?
An acquisition is the process of one company purchasing most or all of another company's shares to gain control of that company. It often aims to expand market reach or enhance capabilities.
What is a pension fund?
A pension fund is a type of investment fund that collects and invests money to provide retirement income for employees. It is typically managed by financial institutions.

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