Published by Global Banking & Finance Review®
Posted on September 11, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleIberdrola has increased its stake in Neoenergia to 84% by acquiring shares from Previ for $2.2 billion, enhancing its position in Brazil's energy sector.
(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)
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.
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.
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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