Vale to sell some VLI shares to Brookfield for $842m
BRASILIA – Brazilian iron-ore miner Vale said on Monday it agreed to sell a 26.5% stake in logistics company VLI SA to Canada’s Brookfield Asset Management for two-billion reais ($842.78-million).
After the sale, which still needs approval from Brazilian regulatory authorities, Vale will have a 37.6% stake in the rail- and port-cargo unit, the company said in a securities filling.
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http://www.miningweekly.com/article/vale-to-sell-some-vli-shares-to-brookfield-for-842m-2013-12-24
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