Iberdrola to acquire the remaining 16.2% stake in Neoenergia for €1bn.

Iberdrola, an energy company, agreed to acquire the remaining 16.2% stake in Neoenergia, an electricity distribution group in Brazil, for €1bn. Iberdrola has submitted a takeover bid for 16.2% of Neoenergia's share capital. With the operation, the Group, which already controls 83.8% of the capital, would take over 100% of its Brazilian subsidiary.