28
Mar
11:23
Vale acquires full stake in renewables supplier AGE
Vale has signed a binding agreement to acquire its partner Cemig Geração e Transmissão's 45% stake in electricity supplier Aliança Geração de Energia (AGE), Kallanish learns from the Brazilian mining giant.
The deal is valued at BRL 2.7 billion ($540m). Upon closing the deal, Vale will hold 100% shares in AGE.
“The decision was made in the context of Cemig's divestment plan, made public in 2020. As sharehol…
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Anonymous
Very good overview of the weekly steel market.
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