(Adds Cemig securities filing on 9th paragraph)
By Guillermo Parra-Bernal
Jan 31 The Brazilian state of Minas
Gerais has no plans to sell the controlling stake it has in
power utility Cia Energética de Minas Gerais SA as a condition
to join a federal government-backed debt relief plan, a person
with direct knowledge of the matter said.
According to the person, who requested anonymity because of
the sensitivity of the issue, mineral-rich Minas Gerais wants
part of the 92 billion reais ($29.44 billion) the federal
government owes it in the form of export-promotion tax
exemptions to be refunded if the state joins the debt program.
The sale of the state’s 51 percent voting stake in Cemig, as
the utility is known, looks unfeasibl…
Read the full article at: http://www.reuters.com/article/brazil-politics-cemig-idUSL1N1FL1MC