Vale hires advisors as it assesses ‘value-unlocking alternatives’

  • Monday, October 10, 2022
  • Source:ferro-alloys.com

  • Keywords:Vale, advisors, value-unlocking alternatives
[Fellow]Vale added in a securities filing, however, that no decision has been reached yet on any potential transaction.

[Ferro-Alloys.com]

Vale SA on Wednesday confirmed it has hired advisors 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.

mining.com

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