Iberdrola to Raise Ownership in Brazilian Utility Neoenergia to 84%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 11 2025
0mins
Source: Yahoo Finance
Iberdrola's Acquisition of Neoenergia: Iberdrola has agreed to acquire an additional 30.29% stake in Brazilian energy distributor Neoenergia from Caixa de Previdência dos Funcionários do Banco do Brasil for 11.95 billion reais ($2.2 billion), increasing its total stake to 84%.
Neoenergia's Operations and Investment: Neoenergia serves nearly 40 million customers in Brazil and operates extensive distribution and transmission networks, with significant investments planned for infrastructure expansion and modernization in 2024.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
