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Companhia Energetica de Minas Gerais CEMIG (CIG.N)

CIG.N on New York Stock Exchange

2.33USD
26 May 2017
Change (% chg)

$0.08 (+3.56%)
Prev Close
$2.25
Open
$2.30
Day's High
$2.37
Day's Low
$2.28
Volume
1,071,602
Avg. Vol
1,695,151
52-wk High
$3.84
52-wk Low
$1.41

CIG.N

Chart for CIG.N

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: 1.91
Market Cap(Mil.): $3,646.96
Shares Outstanding(Mil.): 1,258.84
Dividend: --
Yield (%): --

Financials

  CIG.N Industry Sector
P/E (TTM): 32.71 8.51 13.84
EPS (TTM): 0.08 -- --
ROI: 1.15 9.64 6.49
ROE: 2.58 14.18 10.93

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.

16 May 2017

Canada's Brookfield to take control of Brazil's Renova

SAO PAULO Canada's Brookfield Asset Management Inc has agreed to buy Light SA's stake in Brazilian renewable energy company Renova Energia SA and eventually become controlling shareholder, one source with direct knowledge of the talks said on Friday.

15 May 2017

CORRECTED-UPDATE 1-Canada's Brookfield to take control of Brazil's Renova

SAO PAULO, May 12 Canada's Brookfield Asset Management Inc has agreed to buy Light SA's stake in Brazilian renewable energy company Renova Energia SA and eventually become controlling shareholder, one source with direct knowledge of the talks said on Friday.

15 May 2017

Canada's Brookfield to take control of Brazil's Renova

SAO PAULO Canada's Brookfield Asset Management Inc has agreed to buy Light SA's stake in Brazilian renewable energy company Renova Energia SA and eventually become controlling shareholder, one source with direct knowledge of the talks said on Friday.

13 May 2017

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.

13 Apr 2017

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.

12 Apr 2017

Brazil's Renova to finalize project sale to AES on Monday: sources

SAO PAULO Brazil's renewable power generation company Renova Energia SA will finalize the sale of wind farm Alto Sertão II to the Brazilian unit of AES Corp for about 700 million reais ($223 million) as early as Monday, two people with direct knowledge of the matter said.

01 Apr 2017

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.

26 Mar 2017

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.

23 Mar 2017

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.

16 Mar 2017

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