Companhia Energética de Minas Gerais (BOVESPA:CMIG4) signed a share purchase agreement to acquire Sete Lagoas Transmissora de Energia S.A. from Cobra Brasil Serviços, Comunicações e Energia S.A. and Cobra Instalaciones y Servicios, S.A. for BRL 41.37 million on July 27, 2021. Completion of the Transaction is subject to compliance with certain conditions precedent specified in the Share Purchase Agreement and commonly required in this type of transaction including, the Brazilian electricity regulator, Brazilian antitrust commission and the Brazilian Development Bank.

Companhia Energética de Minas Gerais (BOVESPA:CMIG4) completed the acquisition of Sete Lagoas Transmissora de Energia S.A. from Cobra Brasil Serviços, Comunicações e Energia S.A. and Cobra Instalaciones y Servicios, S.A. for BRL 48.1 million on December 23, 2021.