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Finance

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

Published by Global Banking and Finance Review

Posted on September 11, 2025

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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.

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

(Reporting by Javi West LarrañagaEditing by David Goodman)