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4-Traders Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Companhia Energetica de Minas Gers 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 2017 19 360 M
EBIT 2017 2 438 M
Net income 2017 1 316 M
Debt 2017 16 309 M
Yield 2017 3,40%
P/E ratio 2017 8,61
P/E ratio 2018 5,65
EV / Sales 2017 1,37x
EV / Sales 2018 1,30x
Capitalization 10 293 M
Chart COMPANHIA ENERGETICA DE MI
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Companhia Energetica de Mi Technical Analysis Chart | CMIG4 | BRCMIGACNPR3 | 4-Traders
Technical analysis trends COMPANHIA ENERGETICA DE MI
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 10,2  BRL
Spread / Average Target 23%
EPS Revisions
Managers
NameTitle
Bernardo Afonso Salomão 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
Sector and Competitors
1st jan.Capitalization (M$)
COMPANHIA ENERGETICA DE MINAS GERS CEMIG7.53%3 250
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CHINA YANGTZE POWER CO., LTD.22.27%52 812
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TENAGA NASIONAL BHD--.--%19 130