Cemig can earn $258 mm from the sale of Light shares

Cemig approved the fixing of the price per share of Light at R$ 20.00 ($3.77), to carry out the sale of its entire stake in the distributor Fluminense. The company may raise R$1.37 billion ($258 mm) with the operation. Cemig currently holds a 22.58% stake in Light. With the primary offering, Light’s capital stock will increase by R$ 1.37 billion ($258 mm) to R$ 5.47 billion ($1.03 bn).

Source: Energia Hoje