Vale Says Not Seeking Big Ticket M&A

Vale Says Not Seeking Big Ticket M&A

People Corporate & Sovereign Strategy

Roger Agnelli, the CEO of Brazilian miner Vale, says he is not focused on large acquisitions, according to wire reports citing his remarks on a Thursday conference call. A more likely scenario is for Vale to make small and medium-sized purchases, according to the reports. Agnelli reportedly considers acquisitions possible but not probable. The company is also actively developing a number of organic growth projects. Earlier this year Vale tried to acquire Xstrata for some $90bn, and raised upward

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