10
Jul
09:59
Brazilian regulator approves Vale/Ferrous Resources merger
Brazilian miner Vale has received approval, without restriction, from the Brazilian authorities to conclude the acquisition of Ferrous Resources, an iron ore producer company. So says the country’s trade defence agency Conselho Administrativo de Defesa Econômica (Cade) in a note monitored by Kallanish. The acquisition is valued at $550 million.
The operation was initially approved by the watchdog in early June, but complaints by local …
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Anonymous
Very good overview of the weekly steel market.
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