Checkbooks Spring Open for Vale M&A

Checkbooks Spring Open for Vale M&A

Brazil 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 has close to $13bn in cash on hand – does not need financing. But the official declines to say whether Val

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