Monday, March 5, 2012

Cemig to boost stake in Light.

(ADPnews) - Dec 31, 2009 - Brazilian state power utility Companhia Energetica de Minas Gerais (SAO:CMIG4) will boost its stake in energy distributor Light after the restructuring of the latter's controlling block, Cemig said yesterday.

A special purpose entity (SPE), minority-owned by Cemig, will be constituted. The SPE will become owner of up to 26.6% in Light after the restructuring, which is estimated to cost BRL …

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