After Vengeance was returned from her loan to Australia, she was sold to the Brazilian Navy on 14 December 1956.
From mid-1957 until December 1960, the carrier underwent a massive refit and reconstruction at Verolme Dock in Rotterdam; the work performed included the installation of an 8.5-degree angled flight deck and a steam catapult, strengthening of arresting gear, and reinforcing of the hangar elevators.
The carrier was commissioned into the Marinha do Brasil (MB, Brazilian Navy) as Minas Gerais on 6 December 1960.

The Brazilian carrier was equipped with S-2E Tracker aircraft, and helicopters of the ASH-3D Sea King, AS-355 Ecureuil, and A-332 Super Puma types: Brazilian law prevented the MB from operating fixed-wing aircraft, so two separate air groups had to be embarked.
In 1999, the MB acquired A-4KU Skyhawks—the first time Brazilian naval aviators were permitted to operate fixed-wing aircraft until the carrier's 2001 decommissioning.
Minas Gerais was replaced by NAe São Paulo (the former French carrier Foch).

Minas Gerais was the last of the Second World War-era light aircraft carriers to leave service, and at the time of her decommissioning was the oldest active aircraft carrier in the world.
The carrier was marked for sale in 2002, and was actively sought after by British naval associations for return to England and preservation as a museum ship, although they were unable to raise the required money.
In December 2003 the carrier was listed for sale on auction website eBay, but was removed because the site's rules prevented the sale of military ordnance.
Sometime between February and July 2004, the carrier was towed to the ship breaking yards at Alang, India, for dismantling.
After Vengeance was returned from her loan to Australia, she was sold to the Brazilian Navy on 14 December 1956. From mid-1957 until December 1960, the carrier underwent a massive refit and reconstruction at Verolme Dock in Rotterdam; the work performed included the installation of an 8.5-degree angled flight deck and a steam catapult, strengthening of arresting gear, and reinforcing of the hangar elevators. The carrier was commissioned into the Marinha do Brasil (MB, Brazilian Navy) as Minas Gerais on 6 December 1960.
The Brazilian carrier was equipped with S-2E Tracker aircraft, and helicopters of the ASH-3D Sea King, AS-355 Ecureuil, and A-332 Super Puma types: Brazilian law prevented the MB from operating fixed-wing aircraft, so two separate air groups had to be embarked. In 1999, the MB acquired A-4KU Skyhawks—the first time Brazilian naval aviators were permitted to operate fixed-wing aircraft until the carrier's 2001 decommissioning. Minas Gerais was replaced by NAe São Paulo (the former French carrier Foch).
Minas Gerais was the last of the Second World War-era light aircraft carriers to leave service, and at the time of her decommissioning was the oldest active aircraft carrier in the world. The carrier was marked for sale in 2002, and was actively sought after by British naval associations for return to England and preservation as a museum ship, although they were unable to raise the required money. In December 2003 the carrier was listed for sale on auction website eBay, but was removed because the site's rules prevented the sale of military ordnance. Sometime between February and July 2004, the carrier was towed to the ship breaking yards at Alang, India, for dismantling.
1942 Design Light Fleet Carrier