October 29, 2018 / 12:31 PM / 23 days ago

Brazil's Cemig receives 'tentative offer' for Santo Antônio stake

BRASILIA, Oct 29 (Reuters) - 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. (Reporting by Bruno Federowski)

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