Vale acquires remaining 45% stake in Alianca Energia for $541 million

Vale secures energy sector presence, acquiring 45% of Aliança Energia for $541M, boosting diversification and sustainability.

Vale, one of the world's largest mining companies, has made a significant move in the energy sector by acquiring the remaining 45% stake in Aliança Energia. The deal, valued at $541 million, solidifies Vale's position in the energy market and underscores its commitment to diversification and sustainability.

 With this acquisition, Vale aims to strengthen its presence in the renewable energy segment, aligning with global trends towards clean energy solutions. The purchase of Aliança Energia represents a strategic investment for Vale, positioning the company for future growth and reinforcing its role as a leading player in both the mining and energy industries.

“The acquisition of the stake in Alianca Energia is an important step towards creating an energy platform, potentially including other energy assets from Vale’s portfolio”, the miner said, adding it will seek for potential partners for the platform once the Alianca deal is closed.

In a separate filing, Cemig said the deal is aligned with its strategy to sell minority stakes it owns.

($1 = 4.9921 reais)