Spanish Iberdrola to invest BRL524 million in Brazilian subsidiary Neoenergia
Reportedly, Spanish utility Iberdrola has planned to invest in the Brazilian electricity sector. The company, along with its partners Caixa de Previdência dos Funcionários do Banco do Brasil (Previ) and BB Banco de Investimentos (Banco do Brasil), plans to increase its share capital in Brazilian subsidiary Neoenergia.
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