Cemig Shuffles Transmission Assets

Cemig Shuffles Transmission Assets

Brazil M&A

Cemig is transferring 6 transmission assets to its Taesa subsidiary, for BRL1.73bn ($856m), it says, consolidating its transmission holdings before a Taesa equity follow-on. Taesa will transfer BRL1.67bn to Cemig and BRL64m to the Cemig Geracao e Transmissao unit, in exchange for the Empresa Catarinense de Transmissao de Energia, Empresa Regional de Transmissao de Energia, Empresa Norte de Transmissao de Energia, Empresa Paranaense de Transmissao de Energia, Empresa Amazonense de Transmissao de

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