02
Sep
01:00
Vale sells 36.4% stake of subsidiary MBR
Brazilian mining company Vale has announced the sale of a 36.4% stake of its subsidiary Minerações Brasileiras Reunidas (MBR) for BRL 4 billion ($1.07 billion), Kallanish learns from the company.
The transaction follows the announcement published on 30 July 2015. The group signed a sale and purchase agreement at that time to sell class A shares of MBR through the asset management company, Fundo de Investimento em Participações Mul…
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Very good overview of the weekly steel market.
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