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

CIGc.N on New York Stock Exchange

3.72USD
2 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Companhia Energetica de Minas Gerais Cemig proposes FY 2014 dividend payment
Monday, 6 Apr 2015 11:09am EDT 

Companhia Energetica de Minas Gerais Cemig:Says it proposes dividend payment, ad referendum April 30, of 567.32 million Brazilian reais from FY 2014 net profit for dividends, or 0.45 real per share.Dividend payment to be until Dec. 30.Record date April 30.Ex-dividend date May 4.  Full Article

Companhia Energetica de Minas Gerais Cemig concludes acquisition of stake in Alianca Norte Energia Participacoes
Wednesday, 1 Apr 2015 08:46am EDT 

Companhia Energetica de Minas Gerais Cemig:Says that on March 31, it has concluded the acquisition of a 49 pct stake in Alianca Norte Energia Participacoes SA from Vale SA.Acquisition price of 305,777,900.52 Brazilian reais.Alianca Norte Energia Participacoes had a 9 pct stake in Norte Energia SA, now of 4.41 pct, with Vale SA holding the remaining 4.59 pct in Norte Energia SA.  Full Article

Companhia Energetica de Minas Gerais Cemig appoints new CEO and CFO
Friday, 23 Jan 2015 05:53am EST 

Companhia Energetica de Minas Gerais Cemig:Appoints Mauro Borges Lemos as new chief executive officer and Fabiano Maia Pereira as new chief financial officer.  Full Article

Companhia Energetica de Minas Gerais Cemig announces extension of the concession of its unit
Wednesday, 21 Jan 2015 05:38am EST 

Companhia Energetica de Minas Gerais Cemig:Says its unit Companhia de Gas de Minas Gerais Gasmig signed on Dec. 26, 2014 second additional term to its concession contract with Government of the State of Minas Gerais.Additional term extended duration of the concession for providing gas services for 30 years, changing its maturity date from Jan. 10, 2023 to Jan. 10, 2053.  Full Article

Companhia Energetica de Minas Gerais Cemig announces own capital interest payment
Monday, 29 Dec 2014 05:49am EST 

Companhia Energetica de Minas Gerais Cemig:Says on Dec. 26, it decided to pay own capital interest totaling 230,000,000 Brazilian reais, corresponding to 0.182789068 Brazilian reais per share.Payment in two installments: the first until June 30, 2015 and the second until Dec. 30, 2015.Record date Dec. 26.Ex-interest date Dec. 29.  Full Article

Companhia Energetica de Minas Gerais Cemig announces dividend payment
Friday, 7 Nov 2014 02:57pm EST 

Companhia Energetica de Minas Gerais Cemig:Says Nov. 6 it decided to pay extraordinary dividend totalling 1,100,000,000 Brazilian reais corresponding to 0.874208588 reais per share.Payment date Dec. 19.Record date Nov. 07.Ex-dividend date Nov. 10.  Full Article

Companhia Energetica de Minas Gerais Cemig increases stake in Renova Energia SA via subsidiary
Wednesday, 29 Oct 2014 06:42am EDT 

Companhia Energetica de Minas Gerais Cemig:After information disclosed to the market on Aug. 08, 2013 and Sept. 29, 2014, about capital increase by subscription from Renova Energia SA, Cemig announces its subsidiary Cemig GT holds now a stake of 27.37 pct in Renova SA share capital and 36.62 pct on voting capital stock.Renova SA issued 87,196,901 ordinary shares, at price of 17.7789 Brazilian reais per share.  Full Article

Companhia Energetica de Minas Gerais Cemig completes acquisition of stake in Retiro Baixo Energetica SA
Monday, 8 Sep 2014 07:17am EDT 

Companhia Energetica de Minas Gerais Cemig:Says that on Sept. 5, after information disclosed to the market on April 30, its wholly-owned subsidiary Cemig Geracao e Transmissao SA completed the acquisition of a 49.9 percent stake in Retiro Baixo Energetica SA.Acquisition price amounts to 156,427,828.22 Brazilian reais.  Full Article

Companhia Energetica de Minas Gerais Cemig establishes wholly-owned subsidiary
Wednesday, 13 Aug 2014 10:04am EDT 

Companhia Energetica de Minas Gerais Cemig:Establishes wholly-owned subsidiary, Cemig Participacoes Minoritarias S.A.- CemigPar.  Full Article

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

Cemig prepares sale of stake in broadband unit: report

SAO PAULO - The telecommunications arm of Brazilian utility Cemig SA is preparing to sell a stake in its broadband operation to private equity firm GP Investments Ltd and other investors, according to a magazine report on Saturday.

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