Vale Increases Hydro Stake

Vale Increases Hydro Stake

Brazil M&A

Vale has agreed to buy an additional 12.5% of a hydroelectric power plant from Suzano, it says, for BRL223m ($115m). Vale will now own 60.9% of the 1,524-megawatt Capim Branco I and II facilities. Owning a larger stake in the facility located in Mina

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