Vale (VALE) has agreed to form a joint venture with Global Infrastructure Partners through its renewable energy business Alianca Energia, Reuters reported Tuesday, citing Vale as saying in a securities filing.
The Brazilian miner will sell 70% of Alianca Energia to the US-based investment firm for $1 billion in cash, the report said.
Alianca Energia will consolidate the Sol do Cerrado solar plant and the Risoleta Neves hydro power plant after the deal, Vale said in the filing, the report added.
Vale did not immediately respond to MT Newswires' request for comment on the matter.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。