Brazilian miner Vale said on Monday it agreed to form a joint venture with U.S.-based investment firm Global Infrastructure ...

Vale (NYSE:VALE) said Monday it agreed to form a joint venture with U.S.-based investment firm Global Infrastructure Partners ...

The deal transfers 70% ownership of Vale's Aliança Energia unit to the BlackRock-controlled fund, securing Vale's access to competitively priced clean power while freeing capital for core operations.

Vale said it would sell 70% of Alianca Energia to GIP, receiving about $1 billion in cash once the transaction is completed.

Brazilian miner Vale said on Monday it agreed to form a joint venture with US-based investment firm Global Infrastructure Partners (GIP) through its Brazilian renewable energy business Alianca Energia ...

In 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. Reuters had reported in February, citing ...

SAO PAULO (Reuters) - Brazilian miner Vale said on Monday it agreed to form a joint venture with U.S.-based investment firm Global Infrastructure Partners (GIP) through its Brazilian renewable energy ...