Cemig prepares sale of stake in broadband unit: report

SAO PAULO (Reuters) - The telecommunications arm of Brazilian utility Cemig SA is preparing to sell a stake in its broadband operation to private equity firm GP Investments Ltd and other investors, according to a magazine report on Saturday. Brazilian business magazine Exame reported, without saying how it obtained the information, that the deal could raise some 1 billion reais ($325 million) for the state-controlled utility known formally as Companhia Energatica de Minas Gerais. A press representative working for GP Investments said the firm did not comment on market speculation. ...



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