07
Aug
08:29
Vale and Apollo sign Oman distribution centre agreement
Brazilian mining company Vale and asset management firm Apollo have signed a definitive agreement. Under the agreement, Apollo-managed affiliates, funds, and other long-term investors will invest $600 million to acquire a 50% interest in a joint venture entity related to the Vale Oman Distribution Center (VODC), Kallanish understands.
VODC operates a maritime terminal in Sohar, Oman, with a large deep-water jetty and an integrated iron ore blending and distributio…
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