Iberdrola registers bid to acquire 100% of its Brazilian subsidiary Neoenergia

Iberdrola has officially published the documentation (‘Edital’) for the takeover bid for all Neoenergia shares not controlled by the Group, according to information submitted today to the securities commissions.

On 24 November 2025, the company launched a takeover bid for 16.2% of Neoenergia's share capital, a transaction that would give it 100% control of its Brazilian subsidiary.

Iberdrola is offering the same price paid in the acquisition of the stake held by Caixa de Previdência dos Funcionários do Banco do Brasil (“PREVI”), corresponding to 30.29% of the capital -32.5 Brazilian reais per share- adjusted by the official Brazilian interest rate, known as SELIC, and reduced by the extraordinary dividend declared by Neoenergia on 31 December 2025.

With this transaction, Iberdrola reaffirms its commitment to growth in electricity networks and to Brazil: Neoenergia, which focuses 90% of its business on networks, supplies electricity to around 40 million Brazilians through five distributors in the states of Bahia, Rio Grande do Norte, Pernambuco, Sao Paulo, Mato Grosso do Sul and Brasilia, and 18 transmission lines, making it the country's leading distribution group in terms of number of customers. The company is present in 18 states and the Federal District, has more than 725,000 kilometres of electricity distribution lines and 8,000 kilometres of transmission lines, and has 3,600 MW of renewable generation, mainly hydroelectric.