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Companhia Energetica de Minas Gerais CEMIG (CIGc.N)

CIGc.N on New York Stock Exchange

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29 Aug 2017
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Tue, Sep 12 2017

Cemig jumps as partner Vale signals bid for Brazil dams

SAO PAULO Shares in Cia Energética de Minas Gerais SA posted their biggest intraday jump in three weeks on Tuesday, on optimism the debt-laden Brazilian power utility could participate in an upcoming auction for the licensing rights of several hydropower dams it recently lost.

Exclusive - Brazil's Classico, AGC in talks for Cemig stake: sources

SAO PAULO AGC Energia SA is in advanced talks to sell the 20.1 percent voting stake it holds in Cia Energética de Minas Gerais SA to investment bank Banco Classico SA, which could in turn be invited to share control of Brazil's No. 3 power utility, two people with knowledge of the matter said on Friday.

UPDATE 1-Brazil's Andrade Gutierrez walks out of Cemig shareholder accord

SAO PAULO, Sept 7 In a surprise move, a unit of Andrade Gutierrez SA, a Brazilian infrastructure and energy conglomerate, decided to leave the controlling bloc of Cia Energetica de Minas Gerais SA, putting an end to months of tension with the Brazilian power utility's largest shareholder.

Brazil's Andrade Gutierrez walks out of Cemig shareholder accord

BRASILIA, Sept 7 In a surprise move, a unit of Andrade Gutierrez SA, a Brazilian infrastructure and energy conglomerate, decided to leave the controlling bloc of Cia Energetica de Minas Gerais SA, putting an end to months of tension with the Brazilian power utility's largest shareholder.

Brazil's Cemig may need to put $443 million into distribution unit

SAO PAULO Brazilian electricity firm Cemig may need to inject 1.4 billion reais ($443.64 million) into its power distribution unit to comply with financial requirements laid out by industry regulator Aneel, according to a document seen by Reuters.

Brazil's Cemig profit misses estimates as financial income slumps

SAO PAULO, Aug 14 Cia Energética de Minas Gerais SA missed second-quarter profit estimates as some costs rose faster than revenue and income from financial investments slumped, probably reflecting a decline in domestic borrowing costs.

Cemig, Odebrecht split on Chinese offer for stake in power project: sources

SAO PAULO Brazilian power firm Cemig and engineering group Odebrecht [ODBES.UL] are in disagreement on an offer from China's SPIC [CPWRI.UL] to acquire a controlling stake in the Santo Antonio hydropower project where the Brazilian companies are partners, three sources close to the talks said.

China's Ciri says Chinese groups vying for Cemig energy assets

SAO PAULO, July 19 Chinese groups are interested in acquiring assets belonging to clean energy company Renova Energia SA and generation assets belonging to Renova's parent Light SA, according to a document seen by Reuters.

UPDATE 2-Brazil's Cemig vows to use asset sales to repay debt

SAO PAULO, July 10 Cia Energética de Minas Gerais SA will mainly use proceeds from planned asset sales to repay 5 billion reais ($1.5 billion) of debt maturing this year, as Brazil's most leveraged major power utility faces pressure from creditors to downsize quickly.

Brazil's Cemig will use asset sales to repay bank debt

SAO PAULO, July 10 Cia Energética de Minas Gerais SA, Brazil's No. 3 power utility, will mostly use proceeds from planned asset sales to repay about 5 billion reais ($1.5 billion) worth of loan debt maturing this year, Chief Financial Officer Adezio Lima said on Monday.

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