Brazilian energy producer Cemig could sell a stake it has at Aliança Energia, a power generation joint-venture it has with Vale, according to a media report from Reuters.
Cemig could raise up to BRL 2 billion in the deal, the report said, citing people familiar with the matter.
According to the unnamed sources, Cemig could sell a 45 percent stake in the JV, while Vale could assume a controlling stake in the business. Itau should oversee the deal, the media report said.