LISTED COMPANY - CNPJ 17.155.730/0001-64 - NIRE 31300040127
MATERIAL ANNOUNCEMENT Updating of Cemig's Disinvestment ProgramIn sequence from its Material Announcement published on June 1, 2017, Cemig (Companhia Energética de Minas Gerais), a listed company with securities traded on the stock exchanges of São Paulo, New York and Madrid, in accordance with CVM Instruction 358 of January 3, 2002, as amended, hereby reports to the Brazilian Securities Commission (CVM), the São Paulo Stock Exchange (BM&F Bovespa S.A.) and the market as follows:
Cemig has today updated the Disinvestment Program which it announced at its 21st Meeting with the Capital Markets on June 1, 2017.
This table summarizes the updated program, representing a total1 of R$ 8.046 billion:
Company | Criterion | % stake | Book value 1 R$ mn | Status | ||
19% | 1,384 2 | Selection of broker and negotiation of equity interests | ||||
25 | 77 | Awaiting approval by Taesa | ||||
18% | 1,278 | Negotiation of sale agreement | ||||
- | 317 | Non-binding proposal (primary capitalization) | ||||
43% | 2,060 3 | Contracting of advisors | ||||
Cachoeirão, Pipoca, Paracambi | 49% | 127 | Negotiation of equity interests | |||
49% ON 100% PN | 1,202 | Preparation of tender | ||||
100% | 193 | Preparation of tender | ||||
12% | 1,392 | Contracting of advisors | ||||
Gas exploration concessions | 24.5% | 16 | Preparation of tender |
Amounts reported in the Company's accounting, with the exception of: Taesa, Transmineira, and Light. These do not represent a guarantee or expectation of the real sale value of the assets.
Market value (BM&F Bovespa) on July 6, 2017: R$ 21.70/unit.
Market value (BM&F Bovespa) on July 6, 2017: R$ 23.28.
Cemig will keep its stockholders and the market opportunely and appropriately informed on the progress of this program.
Belo Horizonte, July 7, 2017
Adézio de Almeida Lima
Chief Finance and Investor Relations Officer
Av. Barbacena 1200 Santo Agostinho 30190-131 Belo Horizonte, MG Brazil Tel.: +55 31 3506-5024 Fax +55 31 3506-5025
Page 1 of 1 This text is a translation, provided for information only. The original text in Portuguese is the legally valid version.CEMIG - Companhia Energética de Minas Gerais published this content on 07 July 2017 and is solely responsible for the information contained herein.
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