Vale (VALE) is evaluating the potential sale of a 70% stake in Alianca Geracao de Energia, including the Sol do Cerrado and Consorcio Candonga energy assets in its portfolio, to Global Infrastructure Partners.
No binding agreement has been signed, the company said Friday in a regulatory filing. Any decision will follow company policies and governance guidelines.
The deal had drawn interest from energy generators Casa dos Ventos and China Three Gorges Brasil, but they are no longer in the running, Reuters reported, citing people familiar with the matter.
Global Infrastructure Partners may pay 5 billion to 6 billion Brazilian reais ($870 million to $1.04 billion) to buy the stake in Vale's renewable assets, one of the sources told Reuters.
Vale and Global Infrastructure Partners didn't immediately respond to requests for comment from MT Newswires.
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