November 2025 Iberdrola Neoenergia tender offer: price, timeline, and delisting plan
The November 2025 Iberdrola Neoenergia tender offer aims to acquire all remaining common shares of Neoenergia at 32.50 BRL per share, enabling Iberdrola to reach full ownership and delist Neoenergia from Brazil’s B3. The offer, filed on November 24, 2025, is designed to simplify Neoenergia’s structure and provide operational flexibility, with the final price adjusted by the Selic rate until settlement.