We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Iberdrola SA | BIT:IBE | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From May 2019 to May 2024
By Rogerio Jelmayer
SAO PAULO--Brazilian electricity generator and distributor Neoenergia SA (GNAN3B.SM) said late Thursday that it is in talks to acquire a 58% stake in local power generation company Itapebi Geracao de Energia S.A.
The company, which did not disclose the potential value of the acquisition, said that of the total stake to be acquired, 19% is held by the investment bank unit of state-run bank Banco do Brasil SA (BBAS3.BR).
Another 16.4% is controlled by Previ, the pension fund of workers of Banco do Brasil, while 22.6% is controlled by Spanish utility Iberdrola SA (IBE.MC).
In a separate statement, Banco do Brasil confirmed the talks.
Itapebi posted gross revenue of 334 million Brazilian reais ($145 million) in 2012 and a net profit of BRL186 million.
The transaction must also be approved by regulatory bodies, Neoenergia said.
Write to Rogerio Jelmayer at rogerio.jelmayer@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Iberdrola Chart |
1 Month Iberdrola Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
