Background

CEMIG, one of Brazil’s largest integrated energy companies, is currently controlled by the government of Minas Gerais. However, amid the state’s pressing fiscal challenges—exemplified by a debt burden exceeding R$160 billion—there is increasing speculation that the federal government could acquire a controlling interest in the company as part of a broader strategy to renegotiate state debt. By assuming more than 50% of the voting rights in CEMIG, the federal government would not only help offset these liabilities but also gain a critical asset to drive strategic investments in energy projects and bolster national energy security.

Resolution Criteria

This market will resolve to YES if the Brazilian Federal Government acquires and holds more than 50% of CEMIG's voting shares at any point before January 1, 2027. The market will resolve to NO otherwise.