Iberdrola will acquire an 84% stake in its Brazilian subsidiary following the purchase of its partner PREVI's stake for €1.88 billion

The agreed price of 32.5 reais per share will involve a disbursement of 11.95 billion Brazilian reais – approximately 1.88 billion euros. The transaction is subject to the relevant regulatory approvals and is expected to be completed in the coming months. Neoenergia supplies electricity to around...

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