September 19, 2017 9:07 AM ET

Electric Utilities

Company Overview of Neoenergia S.A.

Company Overview

Neoenergia S.A. generates, transmits, distributes, trades in and commercializes electric energy in Brazil. The company operates 37 electricity generation plants comprising 14 hydroelectric, 2 thermoelectric, 16 wind, and 5 cogeneration plants. It has an installed electricity generation capacity of approximately 1,625 megawatts; and operates approximately 300 kilometers of transmission lines, as well as distributes electricity to approximately 37 million in the states of Bahia, Pernambuco, and Rio Grande do Norte. The company also provides consulting and energy management services. Neoenergia S.A. was founded in 1997 and is based in Flamengo, Brazil.

Praia do Flamengo 78

4 andar

Flamengo, RJ 22210-904

Brazil

Founded in 1997

5,737 Employees

Phone:

55 21 3235 9800

Key Executives for Neoenergia S.A.

CEO, Executive Director of Investor Relations & Member of The Executive Board
Chief Financial and Investor Relations
Executive Director of Human Resources and Member of Executive Board
Generation Executive Officer and Member of The Executive Board
Executive Director of Generation and Member of Executive Board
Compensation as of Fiscal Year 2017.

Neoenergia S.A. Key Developments

Neoenergia Considers IPO Of $1.26 Billion In September

Neoenergia S.A. is considering launching its Initial Public Offering (IPO) in September 2017 and is already meeting with investment banks to discuss the matter, though a final decision will likely depend on the performance of IPOs currently underway, including Carrefour and IRB. Credit Suisse Group AG (SWX:CSGN), BB Banco de Investimento S.A. and Morgan Stanley (NYSE:MS) are involved in these preliminary discussions. The operation could raise some $1.26 billion. The IPO is expected to allow the company to increase its liquidity for shareholders Banco do Brasil and Previ according to sources close to the company, in addition to strengthening its cash flow for investment in energy generation. Banco do Brasil is expected to sell at least part of its share in the company through the IPO, whilst Previ is likely to sell its whole share in the company. None of the companies have officially commented on the matter.

Neoenergia Seeks Financing

Neoenergia S.A. is seeking to raise $11 billion through Initial Public Offering.

BB Banco de Investimento S.A., Caixa De Previdencia Dos Funcionarios Do Banco Do Brasil, Iberdrola Energía, S.A.U., Neoenergia S.A. - M&A Call

Neoenergia incorporates Elektro Holdings' businesses

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 8, 2017
Elektro Holding S.A.
Merger/Acquisition
February 24, 2017
50% Stake In Força Eólica do Brasil 1 S.A. And 50% Stake In Força Eólica do Brasil 2 S.A.
Merger/Acquisition
November 28, 2016
Majotity Stake in 5 Operating Generation Assets
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