Iberdrola reviews merging Brazilian businesses

Iberdrola reviews merging Brazilian businesses

Brazil M&A Funds

Spain's Iberdrola is analyzing a merger of two electricity businesses in Brazil, one of the companies involved said in a statement.Iberdrola is analyzing a merger as one of the "strategic alternatives for their investments" but has not reached an agreement or signed any documents with other shareholders, Elektro and Neoenergia said in separate statements.The Spanish power company has almost full control of Elektro Redes and also owns 39% of Neoenergia. Previ, the pension fund for employees of th

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