# 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.

- Type: Acquisition
- Announced: 2024-03-28
- Where: Brazil
- Value: $545.0M (2.70B BRL)
- Status: announced
- Products: electricity from hydroelectric plants and wind farms
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Vale](https://endata.com/companies/14293.md) (acquirer)
- [Aliança Geração de Energia](https://endata.com/companies/76506.md) (target)
- [Cemig GT](https://endata.com/companies/76507.md) (partner)

## Sources

- [bnamericas.com](https://www.bnamericas.com/en/news/brazils-vale-acquires-full-control-of-alianca-geracao-de-energia), 2024-03-28: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.