Vale acquires remaining stake in Aliança Energia, plans energy expansion
Brazilian miner Vale announced on Wednesday that it had finalised an agreement to buy a 45% share in Aliança Energia from Cemig GT, a subsidiary of energy company Cemig.
The R$2.7-billion acquisition will secure full ownership of Aliança Energia, which is a significant player in the renewable energy sector, boasting seven hydroelectric plants in Minas Gerais and three wind farms in Rio Grande do Norte and Ceara.