SAO PAULO – Brazilian miner Vale on Wednesday confirmed it has employed advisers to evaluate “long run value-unlocking alternate options”, after Monetary Occasions reported the corporate was trying to promote a stake in its metals enterprise.
Vale added in a securities submitting, nevertheless, that no choice has been reached but on any potential transaction.
Monetary Occasions had reported earlier within the day that Vale was in talks to promote a $2.5-billion minority stake in its metals enterprise, citing individuals aware of the matter.
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