August 16, 2019 / 9:11 PM / 3 months ago

Brazil power company CPFL eyeing Cemig -CEO

SAO PAULO, Aug 16 (Reuters) - Brazilian power company CPFL Energia is in an expansion phase that could include the purchase of fellow utility Companhia Energetica de Minas Gerais, known as Cemig, Chief Executive Officer Gustavo Estrella told Reuters on Friday.

“Cemig is in the same region as CPFL, so it’s an asset that we would have to look at and evaluate,” Estrella said in an interview.

Earlier on Friday, Cemig CEO Cledorvino Belini said its privatization may be approved this year.

$1 = 4.00 reais Reporting by Luciano Costa Writing by Jamie McGeever

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