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Cemig Confident on Taesa Share Sale: CFO

Jun 6, 2012

Brazil’s Transmissora Alianca de Energia Eletrica (Taesa) will brave market conditions and proceed with its planned equity sale of up to BRL2.0bn ($990m), despite a questionable new issuance market. “The deal is going forward and we believe in the attractiveness and interest of this company. There is no reason for postponing under current market conditions,” Luiz Rolla, CFO at Taesa parent Cemig, tells LatinFinance. Rolla says despite volatility in the market, the utilities sector is considered a high-growth,...

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