11:17 AM EDT, 03/28/2024 (MT Newswires) -- Vale (VALE) said Wednesday it agreed to buy acquire the 45% stake in in Alianca Energia owned by Cemig GT for 2.7 billion Brazilian reais ($541 million).

The transaction is subject to approval by Cemig GT shareholders and certain regulatory conditions, the company said.

After the closing, Vale will own 100% of Alianca Energia.

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