Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/02/2013 | 12:55am CET
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.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CIA ENERGETICA DE MINAS GE
11/16 CIA ENERGETICA DE MINAS GERAIS CEMIG : Filing of 2015 20-F Form with the SEC
11/08 COMPANHIA ENERGETICA MINAS GERAIS : Reply to CVM Inquiry Letter 383/2016-CVM/SEP..
11/08 COMPANHIA ENERGETICA MINAS GERAIS : Cemig included in world index of the most su..
10/29 LIGHT : Exclusivity commitment with EDF for sale of interest in ... Itaocara Hyd..
10/26 COMPANHIA ENERGETICA MINAS GERAIS : TAESA – Restricted Offering Settlement
10/20 COMPANHIA ENERGETICA MINAS GERAIS : Ativas capital transaction completed
10/20 COMPANHIA ENERGETICA MINAS GERAIS : TAESA – Price per Unit
10/16 COMPANHIA ENERGETICA MINAS GERAIS : Timetable for publication of 1Q 2016 Results
10/15 COMPANHIA ENERGETICA MINAS GERAIS : Sale of interest in Transchile completed
09/30 COMPANHIA ENERGETICA MINAS GERAIS : Launch of a Restricted Offering
More news
Sector news : Renewable Utilities
12/02DJOrigin Energy's New CEO Makes Changes to Leadership Team
11/25DJDOMINION RESOURCES : Saudi Arabia to Skip Meeting With Non-OPEC Producers
11/24 FROM BOOKS TO BANKS : Investors place bets against Italy meltdown
11/23 DRAX : Britain maintains carbon tax freeze until April 2021
11/21DJTsunami Alerts Lifted After Japan Earthquake
More sector news : Renewable Utilities
News from SeekingAlpha
11/18 REUTERS : Brazil's Cemig seeking to sell out of Vale joint venture
11/17 Companhia Energtica de Minas Gerais - CEMIG 2016 Q3 - Results - Earnings Call..
11/16 Companhia Energtica de Minas Gerais CEMIG (CIG) Q3 2016 Results - Earnings Ca..
11/16 Companhia Energtica de Minas Gerais - CEMIG beats by $0.20
11/11 PREMARKET GAINERS / LOSERS AS OF 9 : 15 am
Advertisement
Financials ( BRL)
Sales 2016 18 258 M
EBIT 2016 2 322 M
Net income 2016 802 M
Debt 2016 15 797 M
Yield 2016 4,05%
P/E ratio 2016 12,48
P/E ratio 2017 6,95
EV / Sales 2016 1,39x
EV / Sales 2017 1,34x
Capitalization 9 571 M
More Financials
Chart CIA ENERGETICA DE MINAS GE
Duration : Period :
Cia Energetica de Minas Ge Technical Analysis Chart | CMIG4 | BRCMIGACNPR3 | 4-Traders
Full-screen chart
Technical analysis trends CIA ENERGETICA DE...
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 9,57  BRL
Spread / Average Target 26%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Mauro Borges Lemos Vice Chairman & Chief Executive Officer
José Afonso Bicalho Beltrão da Silva Chairman
Fabiano Maia Pereira Chief Financial Officer & Head-Investor Relations
Arcângelo Eustáquio Torres Queiroz Director
Saulo Alves Pereira Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CIA ENERGETICA DE MINA..28.18%2 760
NEXTERA ENERGY INC9.95%53 460
CHINA YANGTZE POWER CO..-1.84%42 638
ENEL S.P.A.-2.72%41 511
TENAGA NASIONAL BHD--.--%17 874
AGL ENERGY LTD16.48%10 549
More Results