Iberdrola SA
IBE: XMAD (ESP)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| qC^ | LOCK|r# | LOCK|WnsPZT |
Iberdrola: Extends a String of Savvy Deals by Increasing Its Stake in Neoenergia
On Sept. 11, Iberdrola agreed to acquire the 30.3% share of Brazilian pension fund Previ in its Brazilian subsidiary Neoenergia for EUR 1.9 billion with a price per share of BRL 32.5, 15% above the last closing share price. This deal will increase Iberdrola's ownership in Neoenergia to 84%.
