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 >
NY Court of Appeals Upholds Uber Arbitration Requirements
NY Court of Appeals Upholds Uber Arbitration Requirements
Nov 25, 2024
01:31 PM EST, 11/25/2024 (MT Newswires) -- The State of New York Court of Appeals on Monday upheld a lower court ruling that users who signed Uber Technologies' ( UBER ) updated terms of service in 2021 agreed to arbitrate any disputes with the company. For essentially as long as there have been written contracts, parties have entered them without...
Damian Williams, Manhattan's top federal prosecutor, to resign ahead of Trump inauguration
Damian Williams, Manhattan's top federal prosecutor, to resign ahead of Trump inauguration
Nov 25, 2024
NEW YORK (Reuters) -Damian Williams, the top federal prosecutor in Manhattan, said on Monday he planned to resign on Dec. 13, about a month before President-elect Donald Trump is inaugurated. Edward Kim, who is currently serving as Williams' deputy, will take over on an acting basis as U.S. Attorney for the Southern District of New York. Williams' office has an...
Motor racing-F1 Announces agreement with GM for 11th team in 2026
Motor racing-F1 Announces agreement with GM for 11th team in 2026
Nov 25, 2024
Nov 25 (Reuters) - Formula One has announced an agreement in principle with General Motors ( GM ) to become the sports 11th team in 2026, it was announced on Monday. F1 said that GM/Cadillac had reached key milestones this year, confirming their commitment to brand the 11th team, with GM set to join as an engine supplier later. ...
Soaring legal fees in snarled Citgo auction rankle companies
Soaring legal fees in snarled Citgo auction rankle companies
Nov 25, 2024
* Companies balk at latest $4.1 million bill for legal charges * Judge rebukes Weil Gotshal, Evercore for handling of auction * No final bid recommendation after four extensions to negotiate By Gary McWilliams and Marianna Parraga HOUSTON, Nov 25 (Reuters) - Court advisers have billed nearly $30 million for a stalled auction of shares in a parent of Venezuela-owned...
Copyright 2023-2026 - www.financetom.com All Rights Reserved