Companhia Energetica de Minas Gerais CEMIG (CIGc.N)
27 Jul 2016
BRASILIA, July 6 Cia Energética de Minas Gerais SA denied it has hired financial advisers to sell assets, the power distributor firm said in a statement on Wednesday.
SAO PAULO Cia Energética de Minas Gerais SA has hired at least three investment banks to prepare the sale of small hydropower plants and a gas distribution unit, according to three sources with direct knowledge of the plans, part of efforts by Brazil's second largest power distribution firm to cut its debt.
BRASILIA, July 4 The Brazilian government expects to collect an extra 10 billion reais in 2017 with the auction of several hydroelectric power plants in the south of the country, three senior government officials familiar with plan told Reuters on Monday.
SAO PAULO, June 20 Brazil's Santo Antônio Energia SA, one of the five largest hydroelectric projects in the country, said on Monday it has been informed by some of its shareholders of plans to sell their stakes in the dam, according to a securities filing.
SAO PAULO, June 10 A unit of Brazil's Cia Eneregética de Minas Gerais SA plans to rework terms of a credit facility with state-controlled lender Caixa Econômica Federal, as part of efforts to refinance maturing debt.
SAO PAULO State Grid Corp [STGRD.UL], China Three Gorges Corp [CYTGP.UL] and Italy's Enel SpA have placed bids for a 16 percent stake in Brazilian renewable energy company Renova Energia SA, which needs fresh capital following a failed asset sale last year, three sources with direct knowledge of the matter said on Friday.
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