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Brazil's Neoenergia power utility still working decision on potential IPO

 

 

 

BRASILIA
Petroleumworld 07 19
2017

Neoenergia SA, whose takeover of a smaller rival will turn it into Brazil's No. 1 power utility by customers served, on Tuesday said it had yet to make a decision about whether to file for an initial public offering.

Neoenergia is working on a dual initial public offering in São Paulo and New York that could value it at around 35 billion reais ($11 billion), three people with direct knowledge of the plan told Reuters last week.



Story writing by Silvio Cascione from Reuters.

reuters
.com
07 18 2017

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