June 7, 2013
Brazil’s Cemig has expressed interest in buying a controlling stake in the
Brazil’s Cemig has expressed interest in buying a controlling stake in the Brasil PCH hydroelectric generation company from Petrobras, Cemig says. The deal is expected to be worth more than $500m. Petrobras holds a controlling 49% stake in Brasil PCH, whose assets comprise 13 small hydroelectric plants in the states of Rio de Janeiro, Minas Gerais, Goias and Espirito Santo. A sale would come under a $9.9bn non-core asset divestment plan.