tiprankstipranks
CEMIG Outlines Major Investments and Debentures Liquidation
Company Announcements

CEMIG Outlines Major Investments and Debentures Liquidation

Companhia Energetica Minas Gerais (CIG) has released an update.

Companhia Energética Minas Gerais has clarified that CEO Reynaldo Passanezi Filho has no plans to resign, countering media rumors, and is committed to the company’s sustainable management and shareholder value creation. The company also announced ambitious investment projections for 2024-2028, totaling R$35.6 billion, focusing on energy generation, transmission, and distribution in Minas Gerais, aimed at improving customer satisfaction and ensuring company sustainability. Additionally, the liquidation of the 10th issue debentures by its subsidiary, Cemig D, has been successfully completed, contributing to the company’s financial strategy.

For further insights into CIG stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskCEMIG Announces Dividends and Share Bonus
TheFlyCemig initiated with a Sell at Goldman Sachs
Carrie WilliamsCIG Earnings this Week: How Will it Perform?
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!