Vale Seeks Partners for Steel Projects

Vale Seeks Partners for Steel Projects

Brazil M&A

Brazil’s global iron-ore producer Vale is seeking partners for two steel ventures, the Acos Laminados do Para (Alpa) and the Compania Siderurgica de Ubu, company officials confirmed. CSU, a project with a planned steel-producing capacity of 5 million metric tonnes a year, is currently 100% owned by Vale. The company is widely expected to keep a stake of between 20% and 25% and have a partner take over the venture. A company officer says that the search for partners continues as per Vale’s tradit

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