Cemig's Cia Energética de Minas Gerais receives 'tentative offer' for Santo Antônio hydropower dam stake
Petroleumworld 30 10 2018
Cia Energética de Minas Gerais SA, Brazil's No. 3 power utility, has received a “tentative offer” for its stake in the Santo Antônio hydropower dam, the company said in a securities filing, but no deal has been agreed on yet.
Reuters reported on Oct. 18 that China's State Power Investment Corp would put forward a binding offer for Santo Antônio. Cemig, as the Brazilian power utility is known, is one of several stakeholders in Santo Antônio.
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