Vale considers selling Brazil renewables assets to GIP
SAO PAULO, Feb 14 (Reuters) - Brazilian miner Vale VALE3.SA 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.
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