Vale sells Fosbrasil stake to Israel Chemicals for $52 mln
Dec 26 (Reuters) – Vale SA , the world’s No. 1 iron ore producer, sold a 44.25 percent stake in purified phosphoric acid producer Fosbrasil SA to Israel Chemicals Ltd for $52 million, according to a securities filing published on Thursday.
The deal is subject to regulatory approval, according to the filing dated Dec. 20.
Read more at: http://www.reuters.com/article/2013/12/26/fosbrasil-vale-israelchemicals-idUSL2N0K50AC20131226
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