Companhia Energetica Minas Gerais

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marvan
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Re: Companhia Energetica Minas Gerais

Berichtdoor marvan » 18 Jan 2018 15:27

In a meeting on today’s date, Cemig’s Board of Directors decided to submit a proposal to an Extraordinary General Meeting of Stockholders that Cemig should absorb its wholly-owned subsidiary Cemig Telecomunicações S.A. (‘CemigTelecom’).
The absorption will provide gains from optimization of assets and synergies, and reduce financial, operational and administrative costs through concentration of existing administrative structures, while improving options for use of available funds.
The proposal will be submitted to decision by stockholders at an EGM to be called at an opportune time (subject to periods specified by law and the by-laws).
To take effect, the absorption will need also to be submitted separately to Cemig’s Audit Board, under Sub-item III of Article 163 of Law 6404/1976.
Since this is a 100% absorption there will be no capital increase nor issue of new shares.
The shares in the subsidiary will be canceled and the necessary accounting records made.

http://cemig.infoinvest.com.br/enu/1578 ... om_ing.pdf



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Re: Companhia Energetica Minas Gerais

Berichtdoor marvan » 21 Feb 2018 22:50

Resignation of CEO of Renova

Today Cemig’s affiliated company Renova Energia S.A. (‘Renova’) published the following Material Announcement:
“ Renova Energia S.A. (RNEW11) (‘Renova’), in accordance with CVM Instruction 358/2002 as amended, hereby informs its stockholders and the market as follows:
On today’s date Mr. Carlos Figueiredo Santos delivered to the Chair of the Board of Directors his resignation from the post of Chief Executive Officer of Renova.
He will remain in his post until February 28, 2018. If his replacement is not elected by that date the present Chief Financial Officer will assume the post as interim Chief Executive Officer, as per the terms of the by-laws and the Stockholders’ Agreement
signed on December 19, 2014. ”
Belo Horizonte, February 19, 2018
José Maria Rabelo
Acting Chief Finance and Investor Relations Officer

http://cemig.infoinvest.com.br/enu/1587 ... do_ing.pdf

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Re: Companhia Energetica Minas Gerais

Berichtdoor marvan » 03 Mar 2018 19:22

Renova: New binding offer

Cemig (Companhia Energética de Minas Gerais), a listed company with securities traded on the stock exchanges of São Paulo,
New York and Madrid, in compliance with CVM Instruction 358 ofJanuary 3, 2002 as amended, hereby reportsto the Brazilian
Securities Commission (CVM), the São Paulo Stock Exchange (B3) and the market as follows:
Today Cemig’s affiliated company Renova Energia S.A. (‘Renova’) published the following Material
Announcement:
“ Renova Energia S.A. (RNEW11) (‘Renova’), in accordance with CVM Instruction 358/2002 as
amended, hereby informs its stockholders and the market in general as follows:
Renova has today received from Brookfield Energia Renovável S.A. (‘BER’) a new binding
proposal replacing the offer for primary capitalization accepted on November 24, 2017 (as
reported in a Material Announcement published to the market).
This proposal is for acquisition of the assets of the whole of the Alto Sertão III Complex (‘the
ASIII Complex’), plus certain other wind projects under development with total planned
generating capacity of approximately 1.1 GW. The value proposed for the ASIII Complex is
R$ 650 million, to be paid on completion of the transaction, this amount being subject to usual
post-closing adjustments (‘the Price’). The Price may be increased by an earn-out of up to R$ 150
million linked to future generation by the ASIII Complex, to be calculated after 5 years from its
start of operation, plus R$ 187,000 per MW of installed capacity for the wind projects in
development.
Renova’s management bodies are evaluating the Proposal received and in the event of its being
accepted by management, BER will be granted a further period of exclusivity of 30 (thirty) days
for finalization of the documents of the transaction.
The proceeds from the transaction will be prioritized for payment of suppliers and creditors of
the Alto Sertão III project.
Renova reiterates its commitment to keeping stockholders and the market in general duly informed in
accordance with the applicable legislation. ”

Belo Horizonte, February 23, 2018
José Maria Rabelo
Acting Chief Finance and Investor Relations Officer

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Re: Companhia Energetica Minas Gerais

Berichtdoor marvan » 03 Mar 2018 19:23

Renova accepts Brookfield binding offer

Cemig (Companhia Energética de Minas Gerais), listed and traded on exchangesin São Paulo, New York and Madrid, as per CVM Instruction 358
of 2002, as amended, hereby reportsto the Brazilian Securities Commission (CVM), the São Paulo Stock Exchange (B3) and the market asfollows:
Today Cemig’s affiliated company Renova Energia S.A. (‘Renova’) published the
following Material Announcement:
“ In compliance with CVM Instruction 358/2002, as amended, and with reference to the Material Announcement published to the
market on February 23, 2018, Renova Energia S.A. (RNEW11) hereby informsitsstockholders and the market in general asfollows:
On February 27, 2018 the Board of Directors of Renova decided in favor of acceptance of the
binding offer made by Brookfield Energia Renovável S.A. (“BER”).
The proposal is for acquisition of the following assets for the following prices:
(i) The Alto Sertão III wind power complex, with generation capacity contracted under PPAs
of 433 MW, and generation capacity of 288MW contracted at the auction of December
2017, for the price of R$ 650 million, to be paid on the date of completion of the transaction.
The price may be increased by an earn-out of up to R$ 150 million (adjusted by the CDI
rate) linked to future generation by the complex, to be calculated after 5 years from its start
of operation. The bank financings related to these assets will also be transferred to BER.
(ii) Wind power projects in development, with estimated installed capacity of 1.1 GW, priced
at R$ 187,000 per MW, to be paid as earn-out (adjusted by the CDI rate).
The Board also approved granting BER a further period of exclusivity for 30 (thirty) days, able
to be extended automatically for thirty additional days, for finalization of the documents of the
transaction. Final completion of the transaction will take place after consideration and approval
by the governance bodies of Renova and of its controlling stockholders, and after compliance
with the conditions precedent that are usual in this type of transaction.
The proceeds from the transaction will be prioritized for payment of suppliers and creditors of
the Alto Sertão III project.
Renova reiterates its commitment to keeping stockholders and the market in general duly
informed in accordance with the applicable legislation. ”

Belo Horizonte, February 27, 2018.
José Maria Rabelo
Acting Chief Finance and Investor Relations Officer

http://cemig.infoinvest.com.br/enu/1590 ... te_ing.pdf

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Re: Companhia Energetica Minas Gerais

Berichtdoor marvan » 03 Mar 2018 19:26

Update on Cemig capital increase

Cemig is evaluating alternative courses of action for sale of 100% of the shares not
subscribed in the capital increase approved by the Extraordinary General Meeting of
Stockholders held on October 26, 2017. These alternatives include:
(i) – a public offering under the simplified regime, governed by Article 6, §1, of
Instruction 400 issued by the Brazilian Securities Commission (CVM) on December
29, 2003 as amended (‘CVM Instruction 400’); and
(ii) – a public offering of a single indivisible lot, with automatic dispensation from
registry with the CVM, through a special auction on the São Paulo Stock Exchange
(B3 S.A. – Brasil, Bolsa, Balcão), under Article 5, Sub-item II, of CVM Instruction
400, CVM Instruction 168 of December 23, 1991 and the regulations of the B3.
Cemig will keep its stockholders updated on any further information on the sale of these
remaining shares.

http://cemig.infoinvest.com.br/enu/1591 ... al_ing.pdf

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Re: Companhia Energetica Minas Gerais

Berichtdoor marvan » 03 Mar 2018 19:27

EGM approves absorption of CemigTelecom

An Extraordinary General Meeting of Stockholders of Cemig, and an Extraordinary
General Meeting of Stockholders of Cemig Telecomunicações S.A. (‘CemigTelecom’),
both held today, February 28, 2018, have approved and authorized the signature of the
Protocol of Absorption and Justification establishing the terms and conditions governing
absorption of CemigTelecom by Cemig.
The absorption is scheduled to take effect only on March 31, 2018 (‘the Absorption Date’).
Since this is an absorption of a wholly-owned subsidiary, there will be no capital increase
nor issue of new shares by Cemig. The shares in the subsidiary will be canceled on the
Absorption Date and the necessary accounting records made.
Cemig reiterates its commitment to keep stockholders and the market timely informed in
accordance with the applicable law and regulations.

http://cemig.infoinvest.com.br/enu/1591 ... om_ing.pdf

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Re: Companhia Energetica Minas Gerais

Berichtdoor marvan » 08 Mar 2018 16:54

Cemig may auction fiber optic assets rather than telecom unit -sources
Reuters ReutersMarch 7, 2018
By Tatiana Bautzer and Gram Slattery

SAO PAULO, March 7 (Reuters) - Brazilian state-run utility Cia Energetica de Minas Gerais SA has told parties interested in its fiber-optic arm that it intends to sell those assets in an auction rather than privatize its unit Cemig Telecom, two people familiar with the matter said.

Cemig had broken off the divestment process for its fiber optic unit last year. Earlier this month, its board approved the integration of Cemig Telecomunicações SA, as the unit is formally known, into the parent company.

With the move, Cemig is able to sell its fiber assets in an auction, likely on Brazil's B3 stock exchange, with interested parties delivering bids in sealed envelopes, said the sources who wished to remain anonymous because the matter is private.

The auction would avoid the trickier task of privatizing one of the units, while still giving Brazil's major telecoms players a rare chance to expand their fiber network through an acquisition.

Brazil's major telecoms companies are increasingly looking to expand in broadband, as Brazil's mobile and pay-TV markets become increasingly saturated, weighing on profitability.

Among the interested companies in assets owned by Cemig Telecom, whose fiber optic network stretches 9,500 km (5,900 miles) across five Brazilian states, is Brazil's largest carrier, Telefonica Brasil SA and TIM Participações SA, the sources said.

Smaller contenders are Vogel Soluções em Telecomunicações SA, owned by investment firm Patria Investimentos Ltda, Algar Telecom SA and Aloo Telecom, in which U.S. investment firm Cartesian Capital Group LLC has a stake.

Sources close to the deal estimate bids may vary from 300 million to 500 million reais ($93 million to $154 million), depending on which assets will be on sale.

Cemig and TIM declined to comment. Aloo and Algar did not immediately comment. Vogel confirmed its interest in the transaction and said it is "waiting for the formal proceedings."

Telefonica Brasil said it was "well positioned for organic growth" but was "also looking at market opportunities."

TIM announced the expansion of its ultra-fast fiber-to-the-home (FTTH) broadband service in December outside Rio de Janeiro and Sao Paulo, and Telefonica Brasil is also focusing on expanding its FTTH network.

While both companies have an appetite for inorganic growth in broadband, according to several people with knowledge of their thinking, there are relatively few short-term opportunities.

Despite widespread interest, few small regional broadband assets are for sale. Brazil's Minas Gerais state, where Cemig Telecom has most of its assets, is both relatively populated and affluent, but also extremely mountainous, making it more expensive to build a fiber network from scratch.

https://finance.yahoo.com/news/cemig-ma ... 04913.html

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Re: Companhia Energetica Minas Gerais

Berichtdoor marvan » 30 Mar 2018 13:19

Cemig offer to Renova for interest in Brasil PCH / Chipley

In the context of (i) the recent changes in the negotiations for capitalization of Renova Energia
S.A. (‘Renova’), (ii) Renova’s interest in bringing forward revenues from power purchase
agreements, and with a view to (iii) execution of Cemig’s Disinvestment Program, Cemig has
today made a binding offer to Renova (‘the Offer’) for acquisition of 100% (one hundred per
cent) of the shares in Chipley SP Participações S.A. (‘Chipley’) held by Renova or 51% (fifty
one per cent) of the shares in Brasil PCH S.A. (‘Brasil PCH’) held by Chipley (‘the
Transaction’).

http://cemig.infoinvest.com.br/enu/1599 ... va_ing.pdf

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Re: Companhia Energetica Minas Gerais

Berichtdoor marvan » 01 Mei 2018 14:18

DIVIDENDS:
i) The Net profit for the business year 2017, of R$ 1,000,954,000, and the balance of Retained
earnings, of R$ 46,981,000, is allocated as follows:
a) R$ 485,569,000 – equal to R$ 0.500288822 per share – to payment of the minimum
mandatory dividend to the holders of preferred shares whose names are on the Company’s
Nominal Share Registry on the date of the AGM (April 30, 2018); and
b) R$ 14,908,000 – equal to R$ 0.030572902 per share – to payment of the minimum mandatory
dividend to the holders of common shares whose names are on the Company’s Nominal Share
Registry on the date of the AGM (April 30, 2018).
ii) The shares will trade ‘ex–’ these rights on May 2, 2018.
iii) The dividends will be paid in a single installment, by December 30, 2018. This date may be brought
forward, in accordance with availability of cash and at the option of the Executive Board.

http://cemig.infoinvest.com.br/enu/1622 ... 18_ing.pdf

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Re: Companhia Energetica Minas Gerais

Berichtdoor marvan » 09 Mei 2018 21:49

Renova refuses Cemig offer for interest in Chipley / PCH

http://cemig.infoinvest.com.br/enu/1625 ... te_ing.pdf