DividendApr 26, 2026, 05:26 AM
CIG Proposes R$3.5B Dividends; Issues R$1.15B Debentures; Acquires Pipoca S.A.
AI Summary
ENERGY CO OF MINAS GERAIS (CIG) announced its Annual Shareholders' Meeting (ASM) for April 30, 2026, proposing R$3.513 billion for mandatory dividends from 2025 net income and R$45.13 million for management compensation. The company also declared R$657.957 million in Interest on Equity. Additionally, its subsidiary Cemig D completed a R$1.15 billion debenture issue, and CEMIG GT acquired a 51% stake in Hidrelétrica Pipoca S.A. for R$38.87 million. The company also clarified a news report regarding a potential privatization model.
Key Highlights
- Proposed R$3.513 billion for mandatory dividends from 2025 net income, including R$676.139 million payable after ASM.
- Declared R$657.957 million in Interest on Equity (IoE), gross R$0.23000005834 per share, payable by June 30, 2027, and December 30, 2027.
- Cemig D, a subsidiary, completed R$1.15 billion debenture issue (IPCA + 6.9416% p.a., 15-year term).
- Acquired a 51% stake in Hidrelétrica Pipoca S.A. for R$38.87 million, adding 20 MW installed capacity.
- Annual Shareholders' Meeting (ASM) scheduled for April 30, 2026, to approve 2025 financials and elect board members.
- Proposed overall compensation for Management and Fiscal Council of R$45.13 million for May 2026-April 2027.
- Clarified CNN Brasil report on potential 'corporation model' (privatization) for the company, stating no new material fact.
- Filed its 2025 Form 20-F with the U.S. Securities and Exchange Commission (SEC).