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Companhia Energetica de Minas Gerais CEMIG (CIGc.N)

CIGc.N on New York Stock Exchange

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25 May 2017
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Tue, May 16 2017

Brazilian power company Cemig to announce asset sale program

SAO PAULO, May 16 Brazil's Cia Energética de Minas Gerais will release in coming weeks a list of assets the power company will put up for sale to reduce its debt, Chief Financial Officer Adézio Lima said in a conference call on Tuesday.

UPDATE 1-Brazil's Cemig sees need for asset sales to ease debt burden

SAO PAULO, April 12 Cia Energética de Minas Gerais SA will speed up efforts to renegotiate loans and divest electricity generation, transmission and distribution assets, as Brazil's No. 3 power utility faces 8.7 billion reais ($2.8 billion) worth of debt maturities by the end of next year.

Brazil's Cemig sees asset sales needed to ease debt repayment burden

SAO PAULO, April 12 Brazilian power utility Cia Energetica de Minas Gerais SA will step up efforts to renegotiate existing debt and sell assets as a way to delay 4.837 billion reais ($1.5 billion) worth of debt maturities by the end of this year, executives said on Wednesday.

Brazil's Andrade Gutierrez tries to sell Cemig, other stakes-report

SAO PAULO, March 26 Brazilian conglomerate Andrade Gutierrez is looking to sell stakes in power utility Cemig, hydroelectric dam Santo Antonio and call center group Contax as it tries to cut debt and expand abroad after a corruption scandal, its chief executive officer said in a newspaper interview published on Sunday.

Brazil's Cemig to sell bigger stake of Light than planned -source

SAO PAULO, March 23 Cia Energética de Minas Gerais SA plans to sell a bigger stake than initially planned in subsidiary Light Energia SA, which wants to speed up the process to help reduce its debt, a person with direct knowledge of the plan said on Thursday.

Exclusive: Brazil's Cemig to cut Light stake by more than half - source

SAO PAULO Cia Energética de Minas Gerais SA plans to sell more than half the 52 percent stake it holds in electricity company Light Energia SA , the latest in a series of planned asset sales aimed at helping Brazil's No. 3 power utility reduce debt, a person with direct knowledge of the plan said on Thursday.

Cemig CFO Castellari leaves for Abu Dhabi's Mubadala -source

SAO PAULO, Feb 21 Paulo Castellari, who was named chief financial officer of Brazilian power utility Cia Energética de Minas Gerais SA (Cemig) only two months ago, is joining Mubadala Development Co PJSC, a source told Reuters on Tuesday.

Odebrecht plea deal says PSDB head discussed kickbacks; he denies -paper

BRASILIA, Feb 2 An Odebrecht SA executive told prosecutors in a plea bargain deal that Senator Aecio Neves, the head of the main allied party in President Michel Temer's coalition, participated in discussions for a kickback scheme while he was governor of Minas Gerais, newspaper Folha de S. Paulo said on Thursday.

UPDATE 3-Brazil state opposes Cemig sale to join debt plan, source says

SAO PAULO, Jan 31 The Brazilian state of Minas Gerais opposes the sale of the controlling stake it has in power utility Cia Energética de Minas Gerais SA as a condition to join a federal government-backed debt relief plan, a person with direct knowledge of the matter said.

Brazil state rules out Cemig sale to join debt relief plan, source says

SAO PAULO, Jan 31 The Brazilian state of Minas Gerais has no plans to sell the controlling stake it has in power utility Cia Energética de Minas Gerais SA as condition to join a federal government-backed debt relief plan, a person with direct knowledge of the matter said.

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