Vale SA (VALE) has released an update.
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Vale S.A. is actively seeking partners for its energy generation arm, Aliança Geração de Energia S.A., but has not yet reached a binding agreement or decision on the future partnership or capital structure. The company promises to keep the market updated on any significant developments in this regard. Vale’s press release also includes usual cautionary language regarding forward-looking statements and potential risks.
For further insights into VALE stock, check out TipRanks’ Stock Analysis page.