• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEWLLM Arena
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form SC 13G filed by Comp En De Mn Cemig

    5/3/22 4:16:59 PM ET
    $CIG
    Electric Utilities: Central
    Utilities
    Get the next $CIG alert in real time by email
    SC 13G 1 brhc10036423_sc13g.htm SC 13G
    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549

    SCHEDULE 13G

    Under the Securities Exchange Act of 1934
    (Amendment No.   )*

    Companhia Energética de Minas Gerais – CEMIG
    (Name of Issuer)

    Common Shares, R$5.00 par value
    (Title of Class of Securities)

    P2577R102
    (CUSIP Number)

    March 3, 2016
    (Date of Event Which Requires Filing of this Statement)

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     
    ☐
    Rule 13d-1(b)

     
    ☒
    Rule 13d-1(c)

     
    ☐
    Rule 13d-1(d)

    * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

    The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.



     CUSIP No. P2577R102
    1
    NAMES OF REPORTING PERSONS
     
     
    BNDES Participações S.A. — BNDESPAR
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☐
     
     
    3
    SEC USE ONLY
     
     

     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Federative Republic of Brazil
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    0
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    63,082,911
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    0
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    63,082,911
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    63,082,911
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    11.14% (1)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    CO
     
     
     
     

    (1)
    Percentages are calculated based on 566,036,634 common shares of the Issuer outstanding as of June 30, 2021, as reported in the Issuer’s report on Form 6-K furnished to the U.S. Securities and Exchange Commission on November 4, 2021.


     CUSIP No. P2577R102
    1
    NAMES OF REPORTING PERSONS
     
     
    Banco Nacional de Desenvolvimento Econômico e Social - BNDES
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
    (a)☐
       
    (b)☐
     
     
    3
    SEC USE ONLY
     
     

     
     
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Federative Republic of Brazil
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
     
    0
     
     
     
     
    6
    SHARED VOTING POWER
     
     
    63,082,911 (1)
     
     
     
     
    7
    SOLE DISPOSITIVE POWER
     
     
    0
     
     
     
     
    8
    SHARED DISPOSITIVE POWER
     
     
    63,082,911 (1)
     
     
     
     
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    63,082,911 (1)
     
     
     
     
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
    ☐
     
     
     
     
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
    11.14% (2)
     
     
     
     
    12
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    CO
     
     
     
     

    (1)
    Represents 63,082,911 common shares of the Issuer directly beneficially owned by BNDESPAR and over which BNDESPAR shares voting and dispositive power with BNDES as its sole shareholder.

    (2)
    Percentages are calculated based on 566,036,634 common shares of the Issuer outstanding as of June 30, 2021, as reported in the Issuer’s report on Form 6-K furnished to the U.S. Securities and Exchange Commission on November 4, 2021.


    Item 1(a).
    Name of Issuer:
    Companhia Energética de Minas Gerais – CEMIG
    Item 1(b).
    Address of Issuer’s Principal Executive Offices:
    Avenida Barbacena 1200 Belo Horizonte, MG 30190-131 Brazil
    Item 2(a).
    Name of Person Filing:
    (i) BNDES Participações S.A. — BNDESPAR
    (ii) Banco Nacional de Desenvolvimento Econômico e Social – BNDES (collectively, the “Reporting Persons”)
    Item 2(b).
    Address of Principal Business Office, or, if none, Residence:
    Av. República do Chile, 100 - Centro, Rio de Janeiro, R.J., Brazil
    Item 2(c).
    Citizenship:
    Federative Republic of Brazil
    Item 2(d).
    Title of Class of Securities:
    Common Shares, R$5.00 par value
    Item 2(e).
    CUSIP No.:
    P2577R102

    Item 3.
    If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the persons filing is a:

     
    (a)
    ☐
    Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
     
    (b)
    ☐
    Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
     
    (c)
    ☐
    Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
     
    (d)
    ☐
    Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
     
    (e)
    ☐
    An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
     
    (f)
    ☐
    An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
     
    (g)
    ☐
    A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
     
    (h)
    ☐
    A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
     
    (i)
    ☐
    A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
     
    (j)
    ☐
    A non-U.S. institution in accordance with Section 240.13d–1(b)(1)(ii)(J);
     
    (k)
    ☐
    Group, in accordance with §240.13d-1(b)(1)(ii)(K).


    Item 4.
    Ownership

    The following information with respect to the ownership of the common shares of the Issuer by the Reporting Persons is provided as of May 3, 2022.

    Reporting Person
     
    Amount
    beneficially
    owned:
       
    Percent of
    class:
       
    Sole power to
    vote or direct
    the vote:
       
    Shared power to
    vote or to direct
    the vote:
       
    Sole power to
    dispose or to direct
    the disposition of:
       
    Shared power
    to dispose or to
    direct the
    disposition of:
     
    BNDES Participações S.A.  - BNDESPAR
       
    63,082,911
         
    11.14
    %(1)
       
    0
         
    63,082,911
         
    0
         
    63,082,911
     
    Banco Nacional de Desenvolvimento Econômico e Social - BNDES
       
    63,082,911
    (2) 
       
    11.14
    % (1)
       
    0
         
    63,082,911
         
    0
         
    63,082,911
     

    (1) Percentages are calculated based on 566,036,634 common shares of the Issuer outstanding as of June 30, 2021, as reported in the Issuer’s report on Form 6-K furnished to the U.S. Securities and Exchange Commission on November 4, 2021.

    (2)  Represents 63,082,911 common shares of the Issuer directly beneficially owned by BNDESPAR and over which BNDESPAR shares voting and dispositive power with BNDES as its sole shareholder.

    Item 5.
    Ownership of Five Percent or Less of a Class
     
    If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐
     
    Item 6.
    Ownership of More than Five Percent on Behalf of Another Person
     
     Not applicable.
     
    Item 7.
    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
     
    Not applicable.
     
    Item 8.
    Identification and Classification of Members of the Group
     
    Not applicable.
     
    Item 9.
    Notice of Dissolution of Group
     
    Not applicable.
     
    Item 10.
    Certifications
     
    By signing below, each Reporting Person certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
     

    SIGNATURE

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

    Dated: May 3, 2022

      BNDES Participações S.A.  - BNDESPAR
       
     
    By:
    /s/ Pablo Valente de Souza
     
    Name:   Pablo Valente de Souza
     
    Title:     Attorney-in-fact
       
     
    By:
    /s/ Reinaldo Luiz Bedin Junior
     
    Name:    Reinaldo Luiz Bedin Junior
     
    Title:      Attorney-in-fact


    SIGNATURE

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

    Dated:  May 3, 2022

     
    Banco Nacional de Desenvolvimento Econômico e Social - BNDES
        
     
    By:
    /s/ Pablo Valente de Souza
     
    Name:     Pablo Valente de Souza
     
    Title:       Attorney-in-fact
         
     
    By:
    /s/ Reinaldo Luiz Bedin Junior
     
    Name:     Reinaldo Luiz Bedin Junior
     
    Title:       Attorney-in-fact


    EXHIBIT INDEX

    Exhibit
    No.
     
    Description
    1
     
    Joint Filing Agreement of the Reporting Persons (filed herewith).


    Exhibit 1

    JOINT FILING AGREEMENT

    THIS JOINT FILING AGREEMENT (this “Agreement”) is made and entered into as of this 3rd day of May 2022, by and among BNDES Participações S.A. — BNDESPAR (“BNDESPAR”) and Banco Nacional de Desenvolvimento Econômico e Social — BNDES (“BNDES”).

    In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the parties to this Agreement hereby agree to prepare jointly and file timely (and otherwise to deliver as appropriate) all filings on Schedule 13D or 13G relating to their ownership (direct or otherwise) of any securities of Companhia Energética de Minas Gerais - CEMIG (“CEMIG” or the “Issuer”), a sociedade por ações, de economia mista (a state-controlled mixed capital company) organized under the laws of the Federative Republic of Brazil, and any and all amendments thereto and any other document relating thereto (collectively, the “Filings”) required to be filed by them pursuant to the Exchange Act. This Agreement may be included as an exhibit to any such joint filing. Each party to this Agreement further agrees and covenants to the other parties that it will fully cooperate with such other parties in the preparation and timely filing (and other delivery) of all such Filings. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument. Each party to this Agreement acknowledges that it shall be responsible for the timely filing of such Filings, and for the completeness and accuracy of the information concerning itself or contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the other parties to this Agreement contained herein or therein.

    IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first set forth above.

    BNDES Participações S.A. — BNDESPAR
     
       
     /s/ Pablo Valente de Souza
     
    By:
    Pablo Valente de Souza  
    Title: Attorney-in-fact
     
       
     /s/ Reinaldo Luiz Bedin Junior
     
    By:
    Reinaldo Luiz Bedin Junior  
    Title: Attorney-in-fact
     

    Banco Nacional de Desenvolvimento Econômico e Social — BNDES
       
     /s/ Pablo Valente de Souza
     
    By:
    Pablo Valente de Souza  
    Title: Attorney-in-fact
     
       
     /s/ Reinaldo Luiz Bedin Junior
     
    By:
    Reinaldo Luiz Bedin Junior  
    Title: Attorney-in-fact
     



    Get the next $CIG alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $CIG

    DatePrice TargetRatingAnalyst
    4/1/2025Neutral → Underperform
    BofA Securities
    1/10/2025Buy → Hold
    HSBC Securities
    10/31/2024Sector Perform
    Scotiabank
    11/24/2023Buy → Neutral
    BofA Securities
    11/1/2023$2.90Hold → Buy
    HSBC Securities
    9/20/2023Neutral → Buy
    BofA Securities
    More analyst ratings

    $CIG
    SEC Filings

    View All

    SEC Form 6-K filed by Comp En De Mn Cemig

    6-K - ENERGY CO OF MINAS GERAIS (0001157557) (Filer)

    7/30/25 4:48:10 PM ET
    $CIG
    Electric Utilities: Central
    Utilities

    SEC Form 6-K filed by Comp En De Mn Cemig

    6-K - ENERGY CO OF MINAS GERAIS (0001157557) (Filer)

    5/16/25 10:09:29 AM ET
    $CIG
    Electric Utilities: Central
    Utilities

    SEC Form NT 20-F filed by Comp En De Mn Cemig

    NT 20-F - ENERGY CO OF MINAS GERAIS (0001157557) (Filer)

    5/1/25 4:55:36 PM ET
    $CIG
    Electric Utilities: Central
    Utilities

    $CIG
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    $CIG
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    Cemig Files 2024 Form 20-F

    BELO HORIZONTE, Brazil, May 1, 2025 /PRNewswire/ -- A COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG ("CEMIG") (NYSE:CIG), (NYSE:CIG), (B3: CMIG3), (B3: CMIG4) - a publicly held company with shares traded on the stock exchanges of São Paulo, New York and Madrid, hereby informs the Brazilian Securities and Exchange Commission (CVM), B3 S.A. – Brasil, Bolsa, Balcão ("B3") and the market in general that it has filed on April 30, 2025, Form 20-F for the 2024 fiscal year ("2024 Form 20-F") with the U.S. Securities and Exchange Commission ("SEC"). 2024 Form 20-F can be accessed on SEC's website, at www.sec.gov, or the Company's Investor Relations website, at http://ri.cemig.com.br. Contact:Investor

    5/1/25 7:00:00 AM ET
    $CIG
    Electric Utilities: Central
    Utilities

    CEMIG Files 2023 Form 20-F

    BELO HORIZONTE, Brazil, April 30, 2024 /PRNewswire/ -- A COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG ("CEMIG") (NYSE:CIG), (NYSE: CIG.C), (B3: CMIG3), (B3: CMIG4), a publicly held company with shares traded on the stock exchanges of São Paulo, New York and Madrid, today announced to the Brazilian Securities and Exchange Commission (CVM), B3 S.A. – Brasil, Bolsa, Balcão ("B3") and the market in general that it has filed on April 30, 2024, Form 20-F for the 2023 fiscal year ("2023 Form 20-F") with the U.S. Securities and Exchange Commission ("SEC"). The 2023 Form 20-F can be accessed on SEC's website, at www.sec.gov, or the Company's Investor Relations website, at http://ri.cemig.com.br. Con

    4/30/24 8:02:00 PM ET
    $CIG
    Electric Utilities: Central
    Utilities

    CEMIG FILES 20-F FORM

    BELO HORIZONTE, Brazil, May 16, 2023 /PRNewswire/ -- A COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG ("CEMIG"), a publicly held company with shares traded on the stock exchanges of São Paulo, New York and Madrid, hereby informs the Brazilian Securities and Exchange Commission (CVM), B3 S.A. – Brasil, Bolsa, Balcão ("B3") and the market in general that it has filed on May 16, 2023, Form 20-F for the 2022 fiscal year ("2022 Form 20-F") with the U.S. Securities and Exchange Commission ("SEC"). 2022 Form 20-F can be accessed on SEC's website, at www.sec.gov, or the Company's Investor Relations website, at http://ri.cemig.com.br. Shareholders who wish to receive a free printed copy of the report,

    5/16/23 6:14:00 PM ET
    $CIG
    Electric Utilities: Central
    Utilities

    Cemig downgraded by BofA Securities

    BofA Securities downgraded Cemig from Neutral to Underperform

    4/1/25 9:01:14 AM ET
    $CIG
    Electric Utilities: Central
    Utilities

    Cemig downgraded by HSBC Securities

    HSBC Securities downgraded Cemig from Buy to Hold

    1/10/25 7:39:32 AM ET
    $CIG
    Electric Utilities: Central
    Utilities

    Scotiabank initiated coverage on Cemig

    Scotiabank initiated coverage of Cemig with a rating of Sector Perform

    10/31/24 8:30:04 AM ET
    $CIG
    Electric Utilities: Central
    Utilities

    $CIG
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    SEC Form SC 13G filed by Comp En De Mn Cemig

    SC 13G - ENERGY CO OF MINAS GERAIS (0001157557) (Subject)

    5/3/22 4:16:59 PM ET
    $CIG
    Electric Utilities: Central
    Utilities