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Companhia Energetica de Minas Gerais CEMIG (CIGc.N)

CIGc.N on New York Stock Exchange

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17 Feb 2017
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Thu, Feb 2 2017

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.

Exclusive: Brazil's Cemig to fire CEO, CFO on Wednesday, sources say

SAO PAULO Cia Energética de Minas Gerais SA will announce the ouster of its chief executive officer and chief financial officer as early as Wednesday after the Brazilian utility's largest shareholder balked at the slow pace of a debt-reduction plan, two people with direct knowledge of the matter said.

Brazil's Cemig says not considering share offering

SAO PAULO, Nov 21 Brazilian power company Cia Energética de Minas Gerais SA said on Monday it is not considering a share offering in order to reduce its debt burden.

Brazil's Cemig backs capital injection into power venture with Vale

SAO PAULO, Nov 21 Cia Energética de Minas Gerais SA has endorsed a plan to increase the capital of Aliança Geração de Energia SA by 1.27 billion reais ($379 million), in which the Brazilian power holding company has a 50 percent stake.

Exclusive: Brazil's Cemig mulls sale of stake in venture with Vale: sources

SAO PAULO - Cia Energética de Minas Gerais SA (Cemig) has decided to sell its minority stake in Aliança Geração de Energia SA, a Brazilian power generation joint-venture with Vale SA , in a deal that could raise around 2 billion reais ($590 million), three people familiar with the plan said.

Brazil's Cemig to raise stake in power distributer Light, seeks new investors

SAO PAULO, Nov 16 Brazil's state-controlled power holding company Cia Energética de Minas Gerais SA will raise its stake in Rio de Janeiro-based power distributor Light SA, an executive told investors during a teleconference.

Brazil's Cemig, FIP Coliseu to raise up to $405 mln with Taesa stake sale

SAO PAULO, Oct 19 Cia Energética de Minas Gerais SA, Brazil's no. 3 power utility, and an investiment vehicle will raise up to 1.29 billion reais ($405 million) with the sale of a stake in Transmissora Aliança de Energia Elétrica SA, according to a securities filing.

Brazil's Cemig in talks with potential buyers of Light stake

SAO PAULO, Sept 16 Cia Energética de Minas Gerais SA, Brazil's No. 3 power utility, is currently in advanced talks with potential partners with which it would share control of electricity distributor Light SA, Chief Executive Officer Mauro Borges said on Friday.

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