Vale (VALE +1.1%) is in talks to increase its stake in Alianca Energia, a Brazilian energy generation and trading joint venture with Cemig (CIG +2.1%) set up in 2015, newspaper Valor Economico reports.
Vale is a majority owner in Alianca Energia with a 55% stake, while CIG owns 45% of the venture.
In a Brazilian securities filing, Vale says it is in discussions with financial advisers to evaluate potential opportunities in line with its energy production strategy, which includes a goal of producing 100% of the energy it needs from clean sources through 2030.
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