Iberdrola in Talks to Grow Neoenergia Stake

Iberdrola in Talks to Grow Neoenergia Stake

Brazil Europe M&A

Spanish utility Iberdrola is seeking to increase its stake in Brazilian utility Neoenergia. The company is pondering raising its participation from the 39% stake it currently owns and is in talks for that purpose with its partners Previ, the pension fund for Banco do Brasil employees, and Banco do Brasil itself, the largest financial institution in Latin America, an Iberdrola spokesman says. The talks started last year, the spokesman adds, but he declines to confirm any published details on the

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