SAO PAULO Feb 10 The controlling shareholders
of Norte Energia SA, the owner of the Belo Monte hydroelectric
dam, have hired banks to sell their stake, newspaper Estado de
S. Paulo said on Friday.
According to the report, the shareholders looking to sell
are Neoenergia SA, Cia Energética de Minas Gerais SA
, Light SA, Vale SA, Siderúrgica
Norte Brasil SA, J Malucelli Energia SA and pension
funds Petros Fundação Petrobras and Funcef Fundação
They have hired Bradesco BBI, the investment banking unit of
Banco Bradesco SA, and an unidentified foreign
investment bank to sell their 50.02 percent combined stake in
Norte Energia, Estado said, citing sources close to the company.
Centrais Elétricas Brasileiras SA, which holds
the remaining 49.98 percent, is not actively looking to sell but
could decide to exercise tag-along rights, the report said.
The equity value of Belo Monte, the world's No. 3
hydroelectric dam in terms of power generation capacity, is 10
billion reais ($3.2 billion), according to the report.
Chinese utilities State Grid Corp and China Three
Gorges Corp have shown interest in the stake, which
is likely to be sold to a consortium, the article said.
Norte Energia and Bradesco BBI did not immediately respond
to requests for comment.
($1 = 3.1299 reais)
(Writing by Bruno Federowski Editing b W Simon)