Reuters logo
3 years ago
Brazil's Cemig forms consortium to bid for Colombian power group
March 7, 2014 / 10:31 PM / 3 years ago

Brazil's Cemig forms consortium to bid for Colombian power group

1 Min Read

SÃO PAULO (Reuters) - Brazil's Companhia Energética de Minas Gerais, or Cemig (CMIG4.SA), said it had teamed up with a Colombian partner to bid for Colombia's third-biggest power generator, Isagen SA ISG.CN.

In a statement, Cemig said it had formed a consortium with Empresas Públicas de Medellín EMPPM.UL, another Colombian company, to make a bid for Isagen.

The move is part of efforts by Cemig, Brazil's second-largest power utility, to expand in fast-growing markets and industry segments. Colombia's government has been seeking buyers for its 56.7 percent stake in Isagen.

Reporting by Alberto Alerigi Jr; Editing by Jonathan Oatis

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below