Equities

Reuters ahead with key Brazil M&A news

Reuters ahead with key Brazil M&A news

Reuters was ahead with key M&A news in Brazil, revealing that utility Cemig plans to sell a majority stake in two units and list them in São Paulo and New York in coming months. Cemig shares jumped as much as 6.3 percent following the Reuters report. Also, shares of logistics operator Santos Brasil Participações fell as much as 11.5 percent in the final two trading days of the week after Reuters exclusively reported that the company had lost a major contract to privately owned rival Grupo Libra to move cargo at Santos Port.