** Brazilian state-run utility Companhia Energética de Minas Gerais has received non-binding proposals for its stake in Rio de Janeiro power utility Light SA, it said in a statement on Monday
** On Saturday, Renova Energy SA, a renewable power company controlled by Light and Cemig, as the company is known, said it had received a binding offer from Canada’s Brookfield Asset Management Inc
** The offers announced on Monday resulted from the first phase of a sale process in which possible buyers were given privileged access to company documents and information
** Cemig said in July that it aimed to raise about 8 billion reais ($2.4 billion) by selling assets in order to pay down debt
** Preferred shares of Cemig were flat in early Monday trading at 6.76 reais per share
$1 = 3.28 reais