Vale SA (VALE) has released an update.
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Vale S.A. has successfully completed the acquisition of a 45% stake in Aliança Geração de Energia S.A. from Cemig Geração e Transmissão S.A., having met all required conditions. This strategic move by Vale is poised to enhance its energy generation capacity, potentially impacting the company’s future growth and market position.
For further insights into VALE stock, check out TipRanks’ Stock Analysis page.