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Companhia Energetica de Minas Gerais CEMIG (CIGc.N)

CIGc.N on New York Stock Exchange

2.92USD
29 Aug 2017
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About

Companhia Energetica de Minas Gerais-CEMIG is a holding company that is engaged in the generation, transmission and distribution of electricity. The Company's segments include Generation, Transmission, Distribution, Telecom, Gas and Other. The Company, through its interests in subsidiaries or jointly controlled entities, is... (more)

Overall

Beta: 2.08
Market Cap(Mil.): $3,460.50
Shares Outstanding(Mil.): 1,258.84
Dividend: --
Yield (%): --

Financials

  Industry Sector
P/E (TTM): -- 9.66 15.95
EPS (TTM): -- -- --
ROI: -- 12.97 15.19
ROE: -- 18.28 13.87

Deals of the day-Mergers and acquisitions

Sept 20 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday :

21 Sep 2017

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.

09 Sep 2017

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.

08 Sep 2017

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.

08 Sep 2017

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.

14 Aug 2017

UPDATE 1-Chinese may bid for Brazil clean energy assets -letter

SAO PAULO, July 19 Chinese investors may bid for assets belonging to Brazil's renewable energy company Renova Energia SA and power generation assets owned by Light SA, according to a letter sent to managers of the firms seen by Reuters.

20 Jul 2017

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.

20 Jul 2017

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.

10 Jul 2017

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.

10 Jul 2017

Brazil's Cemig eyes public auction of Light stake -paper

SAO PAULO, June 29 Cia Energética de Minas Gerais SA, Brazil's No. 3 electric utility, wants to auction off its controlling stake in power generation and distribution company Light SA, an executive told the newspaper Valor Econômico.

29 Jun 2017

Earnings vs. Estimates