Skip to main content

News

2025-04-23 16:43:00.0 - 2025-04-23 16:43:00.0 UTC +02:00

Neoenergia Sells 50% of Itabapoana Transmission

Neoenergia Smart Grids

  • El activo se aportará a un holding participado al 50% por Neoenergia, la filial brasileña de la eléctrica, y por el fondo soberano de Singapur, GIC, en una transacción valorada en 127,5 millones de reales 

Neoenergia has reached an agreement to sell 50% of its stake in the Itabapoana transmission asset to GIC. The transaction is valued at R$ 127.5 million, subject to usual adjustments until the transaction is completed.

The asset will be contributed to Neoenergia Transmissão, a holding of transmission assets, which has had a 50% stake from GIC, since April 2023. At the end of the transaction, the capital structure of Neoenergia Transmission will continue to be: Neoenergia with 50% and GIC with 50%.

The deal is another step in Neoenergia's asset rotation plan, which always seeks to capture the best market opportunities. It also represents the evolution of successful cooperation with GIC bringing more robustness to the group's plans for transmission investments.

You can read the full story at the Neoenergia press room.