NEOENERGIA INITIAL PUBLIC OFFERING

Neoenergia goes public

#business #economy #Neoenergia

Energy group Neoenergia* — Iberdrola's Brazilian subsidiary — launched an initial public offering (IPO). The company, which operates in 18 Brazilian states and supplies 34 million people with electricity, reached a net income of 7.104 billion Brazilian reals in the first quarter of 2019, 28.1% more during the same period last year.

Neoenergia debuts on the stock exchange with Brazil's largest energy sector placement since 2000.
 

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ALL THE IPO DOCUMENTATION
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* Neoenergia, S.A. is 50% + 1 share indirectly owned by Iberdrola, S.A.