Miner Vale to receive $1 billion in Alianca Energia JV deal
ReutersMar 31, 2025 11:28 PM
SAO PAULO, March 31 (Reuters) - Brazilian miner Vale VALE3.SA said on Monday it agreed to form a joint venture with asset manager Global Infrastructure Partners (GIP) through its subsidiary, Brazilian energy firm Alianca Energia, according to a securities filing.
Vale said it would sell 70% of Alianca Energia to GIP, receiving about $1 billion in cash once the transaction is completed.
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