Key Developments: Companhia Energetica de Minas Gerais Cemig (CIGc.N)

CIGc.N on New York Stock Exchange

8.84USD
22 Jul 2014
Price Change (% chg)

$0.13 (+1.49%)
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$8.71
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Latest Key Developments (Source: Significant Developments)

Companhia Energetica de Minas Gerais Cemig to participate in installation of wind farms
Friday, 18 Jul 2014 07:37am EDT 

Companhia Energetica de Minas Gerais Cemig (Cemig):Says, as the sole shareholder of Cemig Geracao e Transmissao SA, it has signed agreements with Renova Energia SA (Renova) to hold 50 percent stake in the Zeus Project.Zeus Project involves installation of 25 wind farms, with a total installed capacity of 676.2 MW, in Jacobina, Bahia state, Brazil.The operation will be done through acquisition by Cemig of 50 pct stake in a special purpose entity to be established by Renova.Acquisition value up to 113,450,409.32 Brazilian reais.  Full Article

Petroleo Brasileiro Petrobras SA in talks with Companhia Energetica de Minas Gerais Cemig for sale of 40 pct stake in Gasmig
Thursday, 17 Jul 2014 07:41am EDT 

Petroleo Brasileiro Petrobras SA:Says it is in negotiations with Companhia Energetica de Minas Gerais Cemig for the sale of its 40 pct stake in Gasmig.  Full Article

Companhia Energetica de Minas Gerais Cemig announces extraordinary dividend payment
Monday, 30 Jun 2014 07:46am EDT 

Companhia Energetica de Minas Gerais Cemig:Says on June 27 it decided to pay extraordinary dividend totaling 1,704,000,000 Brazilian reais, or 1.354228576 reais per share.Payment in two installments: of 1,100,000,000 reais, or 0.874208588 reais per share until July 8, and of 604,000,000 reais, or 0.480019988 reais per share until Sep. 30.Record date June 27.Ex-dividend date June 30.  Full Article

Companhia Energetica de Minas Gerais Cemig announces partnership with Gas Natural Fenosa
Monday, 16 Jun 2014 08:40am EDT 

Companhia Energetica de Minas Gerais Cemig:Says on June 13 it signed contracts with Gas Natural Fenosa for establishment of Gas Natural do Brasil SA, which will be a platform for consolidation of assets and investments in the natural gas projects.  Full Article

Lazard Asset Management LLC reaches 5.14 pct stake in Companhia Energetica de Minas Gerais Cemig
Tuesday, 20 May 2014 08:46am EDT 

Companhia Energetica de Minas Gerais Cemig:Says on May 13 Lazard Asset Management LLC reached 43,114,404 shares of the company, corresponding to 5.14 percent stake in it share capital.  Full Article

Companhia Energetica de Minas Gerais Cemig approves FY 2013 dividend payment
Friday, 2 May 2014 07:49am EDT 

Companhia Energetica de Minas Gerais Cemig:Says on April 30 it approved to allocate 1,655,602,000 Brazilian reais from FY 2013 net profit for dividends.533,149,000 reais is destined for own capital interests already paid out on Dec. 19, 2013 and 1,122,453,000 reais for dividend payment, corresponding to 0,892052774 reais per share.Record date April 30.Ex-dividend date May 1.Dividend payment in two installments, by June 30 and Dec. 30.  Full Article

Companhia Energetica de Minas Gerais Cemig's subsidiary to acquire 49.9 pct stake in Retiro Baixo Energetica SA
Wednesday, 30 Apr 2014 04:56pm EDT 

Companhia Energetica de Minas Gerais Cemig:Says on April 30 its wholly-owned subsidiary, CEMIG GERACAO E TRANSMISSAO SA, signed a contract with Orteng Equipamentos e Sistemas SA and Arcadis Logos Energia SA for acquisition of a 49.9 percent stake in Retiro Baixo Energetica SA (RBE).RBE holds an exploration concession of Retiro Baixo Hydropower Plant, located at Paraopeba river, Minas Gerais state, Brazil with installed capacity of 83.7 MW.Acquisition price 145,896,792.41 Brazilian reais.  Full Article

Companhia Energetica de Minas Gerais Cemig adjusts value per share for FY 2013 dividend
Thursday, 24 Apr 2014 07:43am EDT 

Companhia Energetica de Minas Gerais Cemig:Adjusts value per share of FY 2013 complementary dividend approved on March 23 to 0.892052774 Brazilian real.  Full Article

Companhia Energetica de Minas Gerais Cemig announces resignation of chairman of board
Wednesday, 16 Apr 2014 09:37am EDT 

Companhia Energetica de Minas Gerais Cemig:Receives resignation of Dorothea Fonseca Furquim Werneck from Chairman of the Board of Directors post.  Full Article

Companhia Energetica de Minas Gerais Cemig proposes FY 2013 dividend payment
Tuesday, 25 Mar 2014 07:59am EDT 

Companhia Energetica de Minas Gerais Cemig:Says on March 13 it proposed a dividend payment for fiscal year 2013 totaling 1,122,453,000 Brazilian reais.Sets value per share 0.892102537 real.Record date April 30.Ex-dividend date May 1.Payment in two installments, by June 30 and Dec. 30.  Full Article

Brazil's Cemig to pay 600 mln reais for Petrobras stake in Gasmig

SAO PAULO, July 18 - Brazil's state-controlled oil company Petr├│leo Brasileiro SA agreed to sell a stake in a Brazilian natural gas distributor to power holding company Cia Energ├ętica de Minas Gerais SA for 600 million reais ($269 million).

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