|Bid||17.52 x 0|
|Ask||18.00 x 0|
|Day's Range||17.50 - 18.30|
|52 Week Range||12.71 - 25.07|
|PE Ratio (TTM)||29.43|
|Earnings Date||May 10, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.63|
Moody's Investors Service ("Moody's") today has assigned a B1 global scale rating to the USD 600 million notes units consisting of senior unsecured notes (due 2023) to be issued at Light Serviços ...
Rating Action: Moody's assigns B3/B2. br ratings to Cemig-D's BRL1, 575 million debentures due 2022. Global Credit Research- 22 Dec 2017. Sao Paulo, December 22, 2017-- Moody´s América Latina assigned ...
Rating Action: Moody's confirms Cemig and its subsidiaries ratings at B3/B2. br, Outlook Revised to Stable. Global Credit Research- 07 Dec 2017. Sao Paulo, December 07, 2017-- Moody´s América Latina Ltda ...
Categories: Yahoo FinanceGet free summary analysis Light SA reports financial results for the quarter ended September 30, 2017. We analyze the earnings along side the following peers of Light SA – CESP Cia Energetica de Sao Paulo SA Pfd B, CPFL Energia S.A., Cia Energetica de Minas Gerais Cemig CMIG Pfd, Centrais Eletricas Brasileiras SA-Eletrobras Pfd B, ... Read more (Read more...)
The board of directors for Brazil renewable energy company Renova Energia SA has approved Brookfield Asset Management Inc's proposal to acquire the company, a securities exchange filing showed on Monday. ...
Light's board approved the issuance of 100 million reais in debentures with a term of two years for its subsidiary Light Energia, the Brazilian utility said early on Friday. The funds raised will be aimed ...
Rating Action: Moody's downgrades Cemig and its subsidiaries to B3/B2. br; Ratings placed under review for downgrade. Global Credit Research- 31 Oct 2017. Sao Paulo, October 31, 2017-- Moody´s América ...
Brookfield Asset Management Inc has refrained from improving an original bid for Brazilian renewable power company Renova Energia SA, after due diligence proceedings showed liabilities that were unaccounted for, a person with direct knowledge of the situation said on Thursday. Brookfield is leaning toward presenting a bid to Cia Energética de Minas Gerais SA and Light SA, valuing their combined 67 percent voting stake at the equivalent of 9 reais ($2.85) per unit of Renova, said the person, who asked for anonymity because the transaction remains private. A final round of auditing in Renova showed an unnamed project bore a shortfall that had been previously unaccounted for, the person said, without elaborating.
Cia Energética de Minas Gerais SA and a subsidiary plan to exit their controlling stake in Brazilian renewable power company Renova Energia SA as Brookfield Asset Management Inc considers raising a takeover bid more than initially expected, two people with direct knowledge of the matter said on Friday. According to the people, who requested anonymity because the talks remain private, Brookfield would offer Cemig and subsidiary Light SA the equivalent of 11.75 reais ($3.72) per unit of Renova. Reuters reported on Sept. 19 that Brookfield was considering proposing to buy each unit of Renova at 11.25 reais to persuade both shareholders into selling their combined 64.4 percent stake.
Categories: Yahoo FinanceGet free summary analysis Light SA reports financial results for the quarter ended June 30, 2017. We analyze the earnings along side the following peers of Light SA – CPFL Energia S.A., Eneva S.A., Centrais Eletricas Brasileiras SA-Eletrobras Pfd B, AES Tiete Energia SA Pfd Shs, Cia de Transmissao de Energia Eletrica Paulista Pfd and ... Read more (Read more...)
The board of Brazilian utility Light SA has given its approval for Canada's Brookfield Asset Management Inc to enter exclusive negotiations to acquire its stake in renewable company Renova Energia SA, the company said in a securities filing. Light said that Brookfield's renewable energy unit in Brazil would have the right to negotiate exclusively for 60 days the acquisition of Light's stake in Renova and a cash injection into the company. Reuters first reported Brookfield's bid to buyout Renova in July 7.
Chinese investors may bid for assets belonging to Brazil's renewable energy company Renova Energia SA and power generation assets owned by Light SA, according to a letter sent to managers of the firms seen by Reuters. The plan announced by the company, known as Cemig, may entail the full sale of both Light and Renova. Cemig declined comment.
Chinese groups are interested in acquiring assets belonging to clean energy company Renova Energia SA and generation assets belonging to Renova's parent Light SA, according to a document seen by Reuters. ...
The reluctance of Renova Energia SA's largest shareholder to give up management of the debt-laden Brazilian renewable power firm threatens to derail takeover talks with Brookfield Asset Management Inc, three people familiar with the matter said on Thursday. Power utility Cia Energética de Minas Gerais SA wants to be part of a Brookfield-led turnaround of Renova, two of the people said. The utility known as Cemig owns 34.2 percent of Renova.
Cia Energética de Minas Gerais SA will mainly use proceeds from planned asset sales to repay 5 billion reais ($1.5 billion) of debt maturing this year, as Brazil's most leveraged major power utility faces pressure from creditors to downsize quickly. In a Monday conference call with investors, Chief Financial Officer Adezio Lima said Cemig had decided to fully dispose of a majority, 43 percent stake in Rio de Janeiro utility Light SA and focus on in-house generation, transmission, distribution and sale of electricity. Cemig, Brazil's No. 3 power utility, is making headway on efforts to cut capital spending this year after losing the licensing rights for several hydropower dams and seeing a surge in fresh capital needs from some subsidiaries, Lima said.
The Mexican peso extended gains on Monday as investors hoped that talks between Mexico and the United States over the North America Free Trade Agreement could soon reach a favorable conclusion. After suffering ...
Brookfield Asset Management Inc has proposed buying out Renova Energia SA's controlling bloc as part of a sweetened bid to take over the debt-laden Brazilian renewable energy firm, two people with knowledge of the deal said on Friday. Under terms of a bid originally submitted on Monday, Brookfield would buy out the stake that Light SA has in Renova at an equivalent of 9 reais per unit. Canada's Brookfield, which has made a number of high-profile infrastructure and energy acquisitions in Brazil over the past year, would pay Renova's controlling bloc about 810 million reais ($247 million) for their stakes and pump about 800 million reais worth of fresh capital into the company, the same person said.
Brookfield Asset Management Inc has extended a formal bid for control of Renova Energia SA the Brazilian renewable energy company's entire controlling bloc, two people with direct knowledge of the situation said on Friday. Under terms of the sweetened bid, Brookfield would buy the 16 percent stake that Light SA has in Renova at an equivalent of 9 reais per unit of Renova, the sources said. The same offer was made to Cia Energética de Minas Gerais SA and RR Participações SA, the people said.
Brookfield Asset Management Inc placed on Monday a formal bid for control of Renova Energia SA, which would include 800 million reais ($242 million) in fresh capital for the Brazilian renewable energy company, two people with knowledge of the situation said. Under terms of the bid, a Brookfield-led group would buy the 16 percent stake that Light SA has in Renova at an equivalent of 9 reais per unit of Renova, the people said. A unit is a blend of Renova's common and preferred shares.