CEMIG’s Privatization Plan Submitted by State of Minas Gerais

Companhia Energetica Minas Gerais (CIG) has released an update.

Companhia Energética de Minas Gerais (CEMIG) has announced that its controlling shareholder, the State of Minas Gerais, has submitted a bill to the Legislative Assembly proposing the company’s privatization. This development may attract significant attention from investors in the stock markets where CEMIG is listed, including São Paulo, New York, and Madrid.

For further insights into CIG stock, check out TipRanks’ Stock Analysis page.