Vale hires advisors as it assesses ‘value-unlocking alternatives’
Image from Vale.
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.
(By Gabriel Araujo; Editing by Steven Grattan)
Read also: Vale announces reorganization of Brazil base metals business
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