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business|financial

Vale hires advisors as it assesses 'value-unlocking alternatives'

5th October 2022

By: Reuters

  

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SAO PAULO - Brazilian miner Vale on Wednesday confirmed it has hired advisers to assess "long term value-unlocking alternatives", after Financial Times reported the company was looking to sell a stake in its metals business. 

Vale added in a securities filing, however, that no decision has been reached yet on any potential transaction.

Financial Times had reported earlier in the day that Vale was in talks to sell a $2.5-billion minority stake in its metals business, citing people familiar with the matter.

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Edited by Reuters

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