Vale acquires full control of Aliança Geração de Energia for R$ 2.7 billion

Brazilian mining company Vale agreed to acquire the 45% stake it did not already own in power generation company Aliança Geração de Energia for R$ 2.7 billion (US$545 million). Vale will then seek partners for a new energy platform.

“The acquisition of the stake in Aliança Energia is an important step towards creating an energy platform, potentially including other energy assets from Vale's portfolio.”bnamericas.com

• 1 source
• bnamericas.comBrazil's Vale acquires full control of Aliança Geração de Energia - BNamericasMar 28, 2024

Summarized from public sources; check the original articles before acting on it.