By Brazil Stock Guide – Brazil’s Cemig (CIG) regained momentum in its divestment program after the Minas Gerais state court lifted an injunction that had halted the sale of four small hydroelectric plants. The ruling allows the company to resume a transaction stalled for months by legal disputes.
The decision, connected to Civil Action No. 1002307-24.2025.8.13.0024, reinstates the effects of a December 2024 auction and revalidates the contract transferring the Machado Mineiro, Sinceridade, Martins and Marmelos plants. The assets are not part of Cemig’s long-term strategic plan and have been earmarked for disposal as part of a broader portfolio reshaping.
The injunction had delayed the company’s divestment calendar, a process closely monitored by investors. With the court’s ruling on Tuesday (28), Cemig can proceed with the remaining steps required to finalize the transaction, restoring visibility to its asset-sale schedule.
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