|Bid||13.85 x 0|
|Ask||14.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (3Y Monthly)||1.53|
|PE Ratio (TTM)||17.16|
|Earnings Date||Apr 9, 2018 - Apr 13, 2018|
|Forward Dividend & Yield||0.14 (1.04%)|
|1y Target Est||12.35|
Brazil's Retiro Baixo hydroelectric plant has suspended operations to preserve its equipment but the dam is safe, state-owned Eletrobras said, after last week's deadly disaster at a mining dam owned by Vale. Vale's Brumadinho tailings dam, used to store the muddy detritus from mining, collapsed on Friday, killing at least 84 in one of Brazil's largest industrial accidents on record. The Retiro Baixo plant in Minas Gerais, which has 82 megawatts (MW) capacity, is owned Eletrobras subsidiary Furnas and by state mining company Cemig.
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China's State Power Investment Corporation is in talks to acquire two additional hydroelectric dams and two thermal plants in Brazil, a person with knowledge of the matter said Thursday. One of the hydroelectric dams is Usina Tres Irmaos, an 800 megawatt dam in Sao Paulo state, controlled by Brazilian infrastructure group Triunfo Participacoes e Investimentos SA (TPIS3.SA) (TPI), the person added, requesting anonymity to discuss private talks. Brazilian newspaper Valor Economico first reported the talks over Tres Irmaos on its website on Thursday.
Brazil's real firmed more than 2 percent on Monday and stocks were on track to mark their highest close in nearly five months, after a strong first-round showing for far-right presidential candidate Jair ...
Brazil's real hit a two-month high on Monday and stocks jumped after market-preferred presidential candidate Jair Bolsonaro's strong first-round win boosted investor confidence that, if elected, he can ...
Brazilian competition authorities have approved American Tower Corp's acquisition of telecommunications assets owned by Cia Energetica de Minas Gerais SA, the government's official bulletin said on Wednesday. ...
Brazil's Belo Monte hydroelectric dam does not require new capital expenditures and will soon report stable cash flow and pay dividends to shareholders, a director at pension fund Petros said on Tuesday, adding that shareholders are unlikely to sell it in the short term. "A solution for Belo Monte will come when the dam operates at full capacity," Daniel Lima said during an event in the southern city of Florianopolis. Belo Monte is still generating below capacity due to transmission line problems.
Brazilian electricity distributor Light SA said in a securities filing on Thursday that the company is considering a share offering to raise new funds. Light also said in the filing that it has reached a preliminary agreement with the Brazilian private equity firm GP Investments Ltd to buy part of the electricity distributor's shares, but did not mention the amount or say when the share offering might occur. GP could not be reached for comment after business hours on Thursday.
American Tower's (AMT) purchase of telecom assets will enable it to grow in the Brazilian market. The company is anticipated to have paid a premium of more than 70% for the buyout.
American Tower Corp and unlisted Brazilian operator Algar Telecom SA on Wednesday purchased the broadband network of Cia Energetica de Minas Gerais SA, known as Cemig, potentially spurring more dealmaking ...
The CEO of America Movil, Latin America's largest telecommunications company by subscriber numbers, said on Wednesday that AT&T Inc's acquisition of Time Warner will do little to change the telecoms landscape in the region. U.S. telecoms company AT&T closed its deal to buy media company Time Warner for $85 billion last month. "I don't think it's going to affect the market in Latin America," America Movil Chief Executive Daniel Hajj said on a call discussing the company's second-quarter results.
China's State Power Investment Corp is likely to deliver a bid for Brazil's fourth-largest hydroelectric dam as soon as next month, two people with knowledge of the matter said on Friday. The sources, who requested anonymity because they were not authorized to discuss the deal publicly, said that China's State Power Investment Corp had been in talks with shareholders of the Santo Antonio plant last year, before breaking off negotiations to bid for another dam. Cia Energética de Minas Gerais (Cemig) and Odebrecht SA, the owners of the 3.6-gigawatt Santo Antonio dam in the state of Rondonia, are selling assets to pay down debt.
Brazilian utility Companhia Energetica de Minas Gerais has received far more interest than expected in the sale of its telecommunications assets, attracting 16 groups interested in bidding, a person familiar with the matter told Reuters. Cemig, as the company is widely known, plans to auction the assets of its telecoms unit, Cemig Telecom, for a minimum of 367 million reais ($96.9 million) as part of a plan to reduce its large debt load. Cemig did not immediately respond to a request for comment.
Brazilian state energy firm Cia Energetica de Minas Gerais SA has bought energy contracts from wind and solar parks set to be built in the near future with a total capacity of 1,240 megawatts, it said in a statement on Wednesday. Cemig, as the company is widely known, had organized an auction, in which private companies competed to provide energy to the state-run firm. While the financial terms of the contracts were not immediately available, Cemig executives had previously told Reuters this auction was an important re-contracting opportunity for the company.
BELO HORIZONTE, Brazil , May 24, 2018 /PRNewswire/ -- COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG ("Cemig") , a listed company with securities traded on the stock exchanges of São Paulo, New ...
Brazil's real jumped more than 1 percent on Tuesday after central bank minutes reinforced investors' beliefs that the country's deepest monetary easing cycle in a decade was over, while other Latin American ...
Brazil's real jumped almost 1 percent on Tuesday after the central bank released meeting minutes that many traders interpreted as hawkish, while a rally in commodities prices pushed up currencies in other ...
Argentina's stock market and peso currency climbed on Wednesday after the central bank held a successful auction of its Lebac notes a day earlier, indicating the country had calmed investor jitters at ...
Transmission company Taesa delivered a non-binding offer for 51 percent of Cia Centroeste de Minas Gerais SA, currently owned by Cia Energetica de Minas Gerais, the two companies said in securities filings ...
China's State Power Investment Corp is looking for new Brazilian acquisition targets, even after spending 7.2 billion reais ($2 billion) for a license to operate a hydroelectric plant in the country last September, a senior executive told Reuters. "Brazil is one of the top regional priorities for the group's expansion," said Adriana Waltrick, the country head for SPIC, as the Chinese company is known. SPIC, which operates in 41 countries and owns 120 gigawatts in capacity, aims to expand its capacity by 30 gigawatts worldwide through 2020.