Neoenergia files for IPO

Neoenergia files for IPO

Project & Infrastructure Finance Brazil Equity M&A

Neoenergia has advanced plans to go public, filing initial documentation for a potential dual-listed IPO in New York and Brazil.The Rio de Janeiro-based utility picked Banco do Brasil and Credit Suisse to lead the equity offering, according to a securities filing. Other banks are said to be vying for the mandate, including Itau BBA, Morgan Stanley and Santander Brasil.Spain’s Iberdrola, which holds a 52% stake in Neoenergia, along with other shareholders seek to jump on the momentum still

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