Brazil's Vale concludes sale of 49 pct stake in Belo Monte dam
SAO PAULO, April 1 (Reuters) - Brazilian miner Vale SA on Wednesday said it had concluded a deal with power utility Cemig Geração e Transmissão SA to sell 49 percent of its stake in the massive Belo Monte hydroelectric dam, following through on a December 2013 accord.
Vale's remaining participation in the Norte Energia consortium running the dam ensures that the miner has a right to 9 percent of the energy it produces, according to a securities filing. (Reporting by Brad Haynes and Priscila Jordao; Editing by Chizu Nomiyama)
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