Companhia Energetica de Minas Gerais CEMIG (CIG.N)
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.
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.
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.
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.
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.
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.
SAO PAULO, Sept 12 Brazil's power holding company Cia Energética de Minas Gerais has sold a stake in an energy transmission unit in Chile for $56.5 million, the company said in a securities filing on Monday.
By Bruno Federowski SAO PAULO, Aug 17 Latin American currencies and stocks fell on Wednesday after comments by a Federal Reserve policymaker fostered bets that the minutes of the Fed's last meeting will strike a hawkish tone. Many investors had believed the Fed would refrain from hiking rates this year as it waits for more evidence about the impact on the U.S. economy of Britain's June 23 vote to leave the European Union. But those expectations took a beating on Tuesday a
SAO PAULO, Aug 9 Brazilian utility Companhia Energética de Minas Gerais said in a securities filing on Tuesday it plans to sell assets to reduce debt, confirming statements made by Chief Executive Mauro Borges in an interview with a local newspaper.
SAO PAULO, Aug 9 Cia Energética de Minas Gerais has mandated two banks to oversee sale of the controlling stake it has in electricity distributor Light SA, as Brazil's No. 3 power utility company races to cut debt, a source with direct knowledge of the transaction said on Tuesday.
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