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4-Traders Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Cia Energetica de Minas Gerais CEMIG    CMIG4   BRCMIGACNPR3

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Companhia Energetica Minas Gerais : Market Announcement - Publication of Significant Stockholding

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04/02/2013 | 12:55am CEST
COMPANHIA ENERGÉTICA DE MINAS GERAIS - CEMIG

LISTED COMPANY CNPJ 17.155.730/0001-64

NIRE 31300040127

MARKET ANNOUNCEMENT Bank reports fund holding 5% of Cemig ON

Cemig (Companhia Energética De Minas Gerais), a listed company with securities traded on the stock exchanges of São Paulo, New York and Madrid, hereby informs the public, in accordance with its commitment to best corporate governance practices, and Article 12 of CVM Instruction 358 of January 3, 2002, as follows:

Cemig has received the following letter, from Banco Clássico S.A.:

" Rio de Janeiro, March 26, 2013

Dear Sirs,
In accordance with the requirement of Article 2 of CVM Instruction 358 of Jan. 3, 2002, we hereby inform you that as a result of trading in the spot market on the São Paulo stock exchange on March 25, 2013, the undersigned Banco Clássico S.A. acquired, through its exclusive fund AFIA Dinâmica Energia, 19,074,800 common shares in Companhia Energética de Minas Gerais - CEMIG, in a transaction with value of R$ 434,905,440.00 (four hundred thirty four million nine hundred five thousand four hundred forty Reais).
As a result of this transaction FIA Dinâmica Energia now holds 19,074,800 ON (common) shares in Companhia Energética de Minas Gerais - CEMIG, representing 5.116121965% of the voting stock of the company.
On the subject of this transaction, and further complying with the regulation referred to above, we note that the intention of Banco Clássico S.A. with this transaction is to diversify the investments in electricity held by FIA Dinâmica Energia, while at the same time seeking to direct part of the Bank's investments to Brazil's infrastructure sector.
Complementing the information given above, we attach the full description of the Bank in the terms required by Sub-items I and III of Article 12 of CVM Instruction 358 of January 3, 2002.
Yours,

BANCO CLÁSSICO S.A. "

Belo Horizonte, April 1, 2013.

Luiz Fernando Rolla

Chief Finance and Investor Relations Officer

Av. Barbacena 1200 Santo Agostinho 30190-131 Belo Horizonte, MG Brazil Tel.: +55 31 3506-5024 Fax +55 31 3506-5025

Page 1 of 1

This text is a translation, provided for information only. The original text in Portuguese is the legally valid version.

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Financials ( BRL)
Sales 2016 18 378 M
EBIT 2016 2 450 M
Net income 2016 920 M
Debt 2016 16 307 M
Yield 2016 2,28%
P/E ratio 2016 14,34
P/E ratio 2017 8,14
EV / Sales 2016 1,64x
EV / Sales 2017 1,61x
Capitalization 13 773 M
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Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 10,5  BRL
Spread / Average Target -0,37%
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Managers
NameTitle
Bernardo Afonso Salomao de Alvarenga President & Chief Executive Officer
José Afonso Bicalho Beltrão da Silva Chairman
Paulo Roberto Castellari-Porchia Chief Financial Officer & Head-Investor Relations
Arcângelo Eustáquio Torres Queiroz Director
Saulo Alves Pereira Director
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