Engie Said to Tap Morgan Stanley for Stake Sale in Brazil (1)

Engie SA’s Brazil subsidiary is exploring the sale of a minority stake in its power-line business, according to people familiar with the matter.

Engie Brasil Energia SA hired Morgan Stanley to advise on a possible transaction, the people said, asking not to be identified because the information isn’t public. The conversations are in an early stage and there’s no guarantee a deal will be reached, they said.

Representatives for Engie Brasil and Morgan Stanley declined to comment.

Power companies in Brazil are seeking partners to help them finance their transmission lines investments. Energisa SA hired Banco BTG Pactual SA ...