financetom
Business
financetom
/
Business
/
Vale considers selling Brazil renewables assets to GIP
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Vale considers selling Brazil renewables assets to GIP
Feb 14, 2025 2:51 AM

SAO PAULO, Feb 14 (Reuters) - Brazilian miner Vale

is considering selling a majority stake in renewable

energy business Alianca Energia to U.S.-based investment firm

Global Infrastructure Partners (GIP), it said on Friday.

Reuters reported on Thursday, citing sources familiar with

the matter, that Vale and GIP were in advanced talks over a deal

that could also include a solar power plant.

In a securities filing on Friday, Vale confirmed it was

"assessing the potential divestment of a 70% stake in Alianca

Energia, including the energy assets Sol do Cerrado and

Consorcio Candonga ... to GIP".

No binding agreement has been signed, it said, adding that

any decision will be made in compliance with company policies

and governance rules.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved