Cia Energetica DE Minas Gerais - Cemig logo

Cia Energetica DE Minas Gerais - Cemig - ADR

FRA:CIDS (Brazil)   ADR
€ 2.64 (+2.33%) Apr 26
6.17
P/B:
1.34
Market Cap:
€ 5.81B ($ 6.22B)
Enterprise V:
€ 7.17B ($ 7.67B)
Volume:
-
Avg Vol (2M):
150.00
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Business Description

Description
Cia Energetica DE Minas Gerais - Cemig Formerly Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company's revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources.