30 de marzo de 2016 / 15:38 / en 2 años

Brazil's Cemig to divest non-core activities to cut debt

SAO PAULO, March 30 (Reuters) - Brazil’s electricity firm Companhia Energética de Minas Gerais plans to divest some non-core activities to reduce its debt and free up money for investments, the company’s Chief Executive Mauro Borges said on a conference call on Wednesday.

Cemig needs to pay 2.2 billion reais ($610 million) to the government this year after buying concession rights for 18 hydroelectric dams late in 2015. (Reporting by Luciano Costa; Writing by Marcelo Teixeira; Editing by Chizu Nomiyama)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below