Companhia Energética de Minas Gerais S.A. Sponsored ADR

Companhia Energética de Minas Gerais S.A. Sponsored ADR represents a foreign company, Companhia Energética de Minas Gerais (CEMIG), in the U.S. financial markets through American Depository Receipts (ADRs). The primary function of CEMIG is to generate, transmit, and distribute electrical energy, predominantly serving the Brazilian market. As a state-controlled firm, it operates extensively within the state of Minas Gerais, Brazil, contributing significantly to the region's energy needs. CEMIG is involved in conventional and renewable energy sources, impacting industries such as utilities, manufacturing, and public services by providing essential energy infrastructure. Its ADR form facilitates access for U.S. investors to participate in CEMIG's performance without dealing directly in Brazilian markets, thus offering a bridge between two financial environments. This ADR provides a convenient but indirect way to tap into Brazil's energy sector, reflecting the company's market significance and influence in energy distribution and public utility development.