Business UpdateApr 26, 2026, 05:26 AM
CIG Completes R$1.15B Debenture Liquidation; Declares R$658M IoE; Acquires PCH Pipoca
AI Summary
ENERGY CO OF MINAS GERAIS (CIG) announced that its subsidiary, Cemig D, completed the financial liquidation of R$1.15 billion in 15th issue debentures. The company also declared R$657.957 million in Interest on Equity, payable in two installments by June and December 2027. Additionally, CEMIG GT completed the acquisition of a 51% stake in Hidrelétrica Pipoca S.A. for R$38.87 million. The Annual Shareholders' Meeting is scheduled for April 30, 2026, to approve 2025 financials and management compensation, with a proposal for R$3,513,358 thousand in mandatory dividends.
Key Highlights
- Cemig D completed the financial liquidation of R$1.15 billion in 15th issue debentures.
- Debentures have a 15-year term, IPCA + 6.9416% p.a. rate, with semiannual amortization.
- Company declared R$657.957 million in Interest on Equity (IoE), or R$0.23000005834 per share.
- IoE payable in two equal installments by June 30, 2027, and December 30, 2027.
- CEMIG GT completed the acquisition of a 51% stake in Hidrelétrica Pipoca S.A. for R$38.87 million.
- PCH Pipoca has an installed capacity of 20 MW and assured energy of 11.9 average MW.
- Annual Shareholders' Meeting on April 30, 2026, to approve 2025 financials and management compensation.
- Management proposes R$3,513,358 thousand for mandatory dividends from 2025 net income.