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

CIGc.N on New York Stock Exchange

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18 Sep 2014
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Fri, Jul 18 2014

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

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

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UPDATE 1-Market Chatter-Corporate finance press digest

July 17 - The following corporate finance-related stories were reported by media:

Petrobras in talks to sell 40 pct stake in Brazil's Gasmig

SAO PAULO, July 16 - Brazil's state-controlled oil company Petróleo Brasileiro SA is in talks to sell the 40 percent stake it owns of a Brazilian natural gas distributor to electricity holding company Cia Energética de Minas Gerais SA .

Brazil's Cemig backs off bid for Colombian generator Isagen

SAO PAULO, June 23 - Brazil's Companhia Energética de Minas Gerais, or Cemig, said on Monday it is backing off plans to bid for Colombia's third-biggest power generator, Isagen SA.

STXNEWS LATAM-Lazard raises stake in Brazil's Cemig to 5.14 pct

The asset management arm of Lazard Ltd increased to 5.14 percent its share-holding stake in Cia Energetica de Minas Gerais or Cemig, Brazil's second-largest power generator, according to a securities filling on Monday. (Reporting by Anthony Boadle; Editing by Lisa Shumaker)

Annual profit falls at Brazil power utility Cemig

SAO PAULO, March 21 - Net income at Cia Energetica de Minas Gerais SA, Brazil's third-largest power utility, fell 27.3 percent in 2013 from the previous year despite an increase in cash flow from higher revenues and reduced operating costs. Profit was 3.1 billion reais ($1.33 billion), down from 4.2 billion reais in 2012, when the Minas Gerais state government helped the balance sheet of Cemig, as the company is known, with an early debt settlement. Cemig did not break down its

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