Companhia Itaunense Energia e Participacoes (Brazil)

Companhia Itaunense Energia E Participacoes is a company located in Itauna, Brazil. It was incorporated on May 1, 1911, by Augusto Gonçalves de Sousa Moreira, João de Cerqueira Lima, and Antônio Pereira de Matos. Initially, the company was involved in textile manufacturing but later expanded to generate electricity for its own consumption and public lighting in the city. The company's main products and services include real estate activities, rental and leasing of owned properties, trading of electricity in all its forms, electricity generation, and transmission of electricity. Throughout its history, the company faced challenges such as debt from tax payments and competition from foreign products, which led to its bankruptcy in 1999. The bankruptcy process lasted until 2014 when it was officially dissolved through a judicial decision. However, a creditor's appeal has kept the company under the process of judicial recovery. In 2018, the company underwent a restructuring and changed its name to Companhia Itaunense Energia e Participações. It currently operates in the real estate sector, rental and leasing of properties, trading, generation, and transmission of electricity.