Brazil's Vale buys 45% stake in Alianca Energia for $541 mln-March 2024-www.financetom.com

Brazil's Vale buys 45% stake in Alianca Energia for $541 mln

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Brazil's Vale buys 45% stake in Alianca Energia for $541 mln

Mar 27, 2024 3:45 PM

March 27 (Reuters) - Brazilian miner Vale

said in a filing on Wednesday it had signed a contract to buy a

45% stake in Alianca Energia from Cemig GT, a subsidiary of

energy firm Cemig.

Vale said it will pay 2.7 billion reais ($540.9 million) to

buy the remaining stake in Alianca Energia.

($1 = 4.9921 reais)

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