News

Neoenergia, Iberdrola’s subsidiary in Brazil, has completed the takeover bid for Neoenergia Cosern on the São Paulo Stock Exchange, or B3. It thus raises its stake from 93.09 % (pre-bid) to 100 % in the distributor operating in Rio Grande do Norte.

The transaction responds to Neoenergia’s investment effort in the distribution segment and its confidence in the performance of Neoenergia Cosern and its employees. It also emphasises its commitment to a sustainable business model that generates value for its stakeholders. The distributor is present in 167 municipalities in the state of Rio Grande do Norte, its concession area covers 53,000 square kilometres and serves 1.5 million customers (3.5 million people).

You can read the full story on our Neoenergia Press Room page.