<div id="readability-page-1"><div><p>Global Infrastructure Management, LLC entered into an agreement to acquire 70% stake in Aliança Geração de Energia S.A. from Vale S.A. (BOVESPA:VALE3) for $1 billion on March 31, 2025. A cash consideration of $1 billion will be paid by Global Infrastructure Management, subject to adjustments between the present date and the actual completion date. Once the transaction is completed, Vale hold a 30% stake and GIP will hold a 70% in Aliança Geração. Vale clarifies that the transaction is subject to customary precedent conditions, including the consent or approval of regulatory bodies.</p><p>  Tony Del Pino, Carlos Ardila, Carlos Alvarez, and Katherine Sawyer of Latham &amp; Watkins LLP acted as legal advisor to Global Infrastructure Partners in the transaction and the related financing.</p><p>Global Infrastructure Management, LLC completed the acquisition of 70% stake in Aliança Geração de Energia S.A. from Vale S.A. (BOVESPA:VALE3) on September 25, 2025.</p></div></div>

VALE

<p>Global Infrastructure Management, LLC has successfully acquired a 70% stake in Aliança Geração de Energia S.A. from Vale S.A. for $1 billion. The transaction, completed on September 25, 2025, allows Vale to retain a 30% stake. The deal was subject to customary conditions, including regulatory approvals, and was advised by Latham & Watkins LLP.</p>

Global Infrastructure Management, LLC completed the acquisition of 70% stake in Aliança Geração de Energia S.A. from Vale S.A..