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Brazil miner Vale seeks investor for subsidiary Alianca Energia -report
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Brazil miner Vale seeks investor for subsidiary Alianca Energia -report
Jun 13, 2024 2:49 PM

SAO PAULO, June 13 (Reuters) - Brazilian miner Vale

is looking for an investor in its energy subsidiary

Alianca Energia, local newspaper Valor Economico said on

Thursday, citing sources close to the matter.

According to the report, China's CTG, Engie

Energia and Neoenergia are interested in

investing.

Vale signed a contract in late March to buy the remaining

45% stake it did not already own in Alianca Energia from energy

firm Cemig for 2.7 billion reais ($540.9 million).

Vale did not immediately respond to a Reuters request for

comment.

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