Checkbooks Spring Open for Vale M&A
LatAm bankers are in a fevered rush to pitch Vale a loan to get the syndications market off to a strong start. Vale, which yesterday announced it will purchase Brazilian fertilizer assets worth up to $5.6bn, enjoys some of the lowest cost of funds in the region. Banks are meanwhile flush and hungry for high quality assets. However, a Vale executive insists that the company – which...
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