Companhia Energética de Minas Gerais S.A. (BOVESPA:CMIG4) confirmed that it is in tallks to acquire Rede Energia S.A. (BOVESPA:REDE4). Cemig said, "Within [our] long-term vision, the acquisition was recently announced of a 49% interest in Brasil PCH; similarly we continue to maintain negotiations and evaluate other opportunities including the Rede Group However, we have no developments to report that qualify as requiring publication of a material announcement. Cemig reaffirms its commitment to seek investment opportunities that meet the requirements of profitability established by its stockholders and to publish all and any material information when it is confirmed and effective." However, Cemig denied it was close to striking a deal for Rede's distribution assets.