Welcome to our dedicated page for Companhia Energetica De Minas Gerais-CEMIG news (Ticker: CIG), a resource for investors and traders seeking the latest updates and insights on Companhia Energetica De Minas Gerais-CEMIG stock.
Companhia Energetica De Minas Gerais-CEMIG is a prominent Brazilian power company headquartered in Belo Horizonte, the capital of Minas Gerais. As one of the leading power generators and distributors in Brazil, CEMIG is responsible for 12% of the national power distribution. The company operates extensively across most Brazilian states and has an international presence in Chile.
CEMIG's core operations encompass the generation, transmission, and distribution of electricity. The company generates power primarily through hydroelectric resources, supplemented by thermal and wind energy. This diversified energy mix ensures a reliable supply of electricity to a wide range of consumers.
The company is structured into several segments, including generation, transmission, distribution, and gas, with the majority of its revenue derived from electricity sales to consumers. CEMIG's various subsidiaries help it maintain a robust presence in the energy sector, delivering comprehensive solutions to meet the growing energy demands.
Recently, CEMIG has made significant strides in enhancing its financial and operational stability. The company filed its Form 20-F for the 2023 fiscal year with the U.S. Securities and Exchange Commission (SEC) on April 30, 2024. This filing underscores the company's commitment to transparency and regulatory compliance, providing detailed insights into its financial performance and strategic initiatives.
Investors and stakeholders can access the 2023 Form 20-F on the SEC's website or through the company's Investor Relations portal. This move is part of CEMIG's broader strategy to maintain an open line of communication with its investors, ensuring they are well-informed about the company's developments and financial health.
For further information or inquiries, the Investor Relations Department can be contacted at ri@cemig.com.br or by phone at +5531 3506-5024.
CEMIG, a Brazilian energy company listed on multiple stock exchanges, filed its 2023 Form 20-F with the SEC, providing transparency on its financial performance. The form can be accessed on the SEC's website or CEMIG's IR website.
CEMIG Geração e Transmissão S.A. (CEMIG GT) announced the results of its cash tender offer for its 9.250% Senior Notes due 2024, with an early tender date of December 9, 2022. Approximately U.S.$240.7 million, or 24.07%, of the outstanding notes were validly tendered. The offer is set to expire on December 23, 2022, with a maximum purchase limit of U.S.$250 million. Holders tendering before the early date are eligible for a total consideration of U.S.$1,031.25 per U.S.$1,000 principal. The early settlement date is expected on December 21, 2022.
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