Morningstar

Iberdrola to Buy Previ's Stake in Neoenergia for $2.20 Billion

Provided by Dow Jones Sep 11, 2025, 5:34:00 AM

By Adam Whittaker

Iberdrola agreed to buy Previ's stake in Neoenergia for roughly 1.88 billion euros ($2.20 billion) in a deal that increases its control over its Brazilian subsidiary.

The Spanish energy company said Thursday that it agreed to buy Previ's 30.29% stake in the company. After the transaction, Iberdrola will control 83.8% of Neoenergia.

Neoenergia generates and distributes wind, hydroelectric and solar electricity in Brazil.

The deal is expected to close in the fourth quarter of 2025.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

September 11, 2025 01:34 ET (05:34 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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