Neoenergia S.A. acquired additional 7.01% stake in Companhia Energética do Rio Grande do Norte - COSERN (BOVESPA:CSRN3) from Iberdrola Energía, S.A.U. for €32 million on February 27, 2015. Neoenergia SA acquired 11.8 million shares of COSERN. The shares comprised of 8.1 million ordinary shares, 2.2 million class A preferred shares and 1.4 million class B preferred shares. In a related transaction, Neoenergia SA acquired an additional 8.5% stake in Companhia de Electricidade do Estado da Bahia (BVMF:CEEB5) from Iberdrola Energía, S.A.U. for approximately €160 million on February 27, 2015. Under the terms of the transaction, Iberdrola will receive the payment and corresponding interest over a period of three years.


Neoenergia S.A. completed the acquisition of additional 7.01% stake in Companhia Energética do Rio Grande do Norte - COSERN (BOVESPA:CSRN3) from Iberdrola Energía, S.A.U. on February 27, 2015.