Vale to acquire a 45% stake in Aliança Energia from Cemig GT for $545m.

Vale, a mining company, agreed to acquire a 45% stake in Aliança Energia, an oil and natural gas company, from Cemig GT, a utility services provider, for $545m. “The acquisition of the stake in Aliança Energia is an important step towards the creation of an energy platform, which will potentially include other assets in Vale’s portfolio. After completion of the acquisition, Vale will seek potential partners for this platform, maintaining its commitment to the decarbonization of its operations using renewable sources and at competitive costs," Vale.