Edition:
India

Companhia Energetica de Minas Gerais CEMIG (CMIG4.SA)

CMIG4.SA on Sao Paulo Stock Exchange

10.67BRL
10:02pm IST
Change (% chg)

R$ -0.34 (-3.09%)
Prev Close
R$ 11.01
Open
R$ 11.01
Day's High
R$ 11.04
Day's Low
R$ 10.62
Volume
6,365,400
Avg. Vol
12,200,864
52-wk High
R$ 16.21
52-wk Low
R$ 7.54

Latest Key Developments (Source: Significant Developments)

Brazil's Cemig has cut 2020 investments by 13%, not seeing asset sale need - exec
Monday, 18 May 2020 

May 18 (Reuters) - Companhia Energetica de Minas Gerais CEMIG ::BRAZIL'S CEMIG SAYS IT HAS CUT INVESTMENTS FOR 2020 BY 13% - EXECUTIVE.BRAZIL'S CEMIG SAYS IT HAS DELAYED 266 MILLION REAIS IN 2020 INVESTMENTS - EXEC.BRAZIL'S CEMIG FACES EXCHANGE RATE RISKS AND WILL TAKE STEPS TO REDUCE ITS EXPOSURE DURING THE PANDEMIC - CFO.CEMIG BEGAN A PROGRAM OF BUYOUTS IN MAY AND EXPECTS "PAYBACK" IN 8 MONTHS - EXECUTIVE.CEMIG SHOULD BE ABLE TO REDUCE LEVERAGE IN 2020 WITHOUT SELLING ASSETS AT THIS TIME, BY CUTTING COSTS AND WITH GOVERNMENT SUPPORT - CFO.  Full Article

UPDATE 1-Brazilian power firm Cemig plans voluntary buyouts

SAO PAULO, May 4 The executive board of Brazilian power firm Cemig has approved a voluntary buyout program for up to 1,000 employees, according to an internal document seen by Reuters on Monday.