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Neoenergia SA (GNAN3B.SO)

GNAN3B.SO on Rio de Janeiro over the counter Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Iberdrola buys remaining 50 pct of Forca Eolica do Brasil 1 and 2
Friday, 24 Feb 2017 06:55am EST 

Iberdrola SA : Enters into agreement with Neoenergia to buy remaining 50 percent of companies Forca Eolica do Brasil (FEB) 1 and 2 for about 98 million euros ($103.94 million) .Says given its 39 percent stake in Neoenergia, the transaction will not have major impact on the Group's consolidated financial statements.  Full Article

Neoenergia SA announces debenture issue
Friday, 1 Apr 2016 07:56am EDT 

Neoenergia SA:Says on March 3 its board approved issuance of simple, non-convertible, unsecured debentures with additional financial guarantee, in the total amount of 100.0 million Brazilian reais.Says debentures to be distributed to public on a restricted efforts basis and with firm guarantee of placement.  Full Article

Neoenergia SA - Brazil court suspends Amazon hydrodam license on native demands - Reuters
Thursday, 14 Jan 2016 02:54pm EST 

Neoenergia SA:A Brazilian court suspended the operating license for the Belo Monte hydroelectric dam, just weeks before owner Norte Energia SA planned to start electricity generation, prosecutors said on Thursday - RTRS.Judge Maria Carolina Valente do Carmo of the Federal Court in Altamira, Para, said the license will be suspended until Norte Energia and Brazil's government meet a previous license requirement to reorganize the regional office of Funai, the national Indian protection agency - RTRS.A judge had already ordered the government and Norte Energia to carry out the Funai restructuring work in 2014, so Valente do Carmo also fined the government and the company 900,000 reais ($225,000) for non-compliance - RTRS.Belo Monte will have an installed capacity of 11,233 megawatts. Its average output, though, will only be about a third of that as the original reservoir was greatly reduced at the request of native groups and environmentalists. - RTRS.These critics objected to the dam blocking one of the last free-flowing major tributaries of the Amazon. They also opposed an early reservoir plan that would have flooded thousands of square kilometers of virgin rain forest - RTRS.Norte Energia, which is building and will operate the dam, is a consortium led by Brazil's state-run utility Centrais Eletricas Brasileiras; Centrais Eletricas de Minas Gerais; Brazil's Neoenergia SA and Vale SA - RTRS.  Full Article

Neoenergia SA approves dividend payment and announces payment date
Thursday, 30 Apr 2015 08:17am EDT 

Neoenergia SA:Approves, following information previously disclosed, complementary dividend of167.9 million Brazilian reais, corresponding to 0.029 real per share and a minimum obligatory dividend of 29.6 million reais, corresponding to 0.005 real per share.Payment to be done as of May 20.Record date is April 29 and shares will be traded as ex-dividend as of April 30.  Full Article

More From Around the Web

Controlling shareholders looking to sell stake in Norte Energia -paper

SAO PAULO, Feb 10 The controlling shareholders of Norte Energia SA, the owner of the Belo Monte hydroelectric dam, have hired banks to sell their stake, newspaper Estado de S. Paulo said on Friday.

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