Vale eyes possible return of ‘Inco’ to Canadian market as it mulls IPO for part of base metals unit
TORONTO • Eight years after it disappeared, Inco Ltd. could be poised to return to the public markets in some form.
Brazilian mining giant Vale SA, which paid nearly $20-billion for Inco in 2006, said Tuesday it may sell part of its base metals unit in an initial public offering, likely on the Toronto Stock Exchange. That confirmed an earlier report from Reuters, and follows years of speculation that Vale could divest the business.
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