August 9, 2016 / 8:47 PM / 2 years ago

Brazil's Cemig reiterates plans for asset sales

SAO PAULO, Aug 9 (Reuters) - Brazilian utility Companhia Energética de Minas Gerais said in a securities filing on Tuesday it plans to sell assets to reduce debt, confirming statements made by Chief Executive Mauro Borges in an interview with a local newspaper.

Cemig, as the company is known, reiterated plans to review its stake in energy distributor Light SA and reaffirmed a previous filing about the sale of a stake in transmission company Transmissora Aliança de Energia Elétrica SA .

Cemig is also considering selling Cemig Telecom, technology companies Ativas and Axxion and Transchile, a transmission subsidiary in Chile. (Reporting by Tatiana Bautzer; Editing by Sandra Maler)

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