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.