Brazil to sell remaining stake in Vale

Brazil to sell remaining stake in Vale

Corporate & Sovereign Strategy Economy & Policy M&A Brazil Latin America

The Brazilian government could earn around BRL8 billion ($1.46 billion) from the sale of its remaining stake in mining company Vale, Privatization Secretary Salim Mattar said in an interview with the radio station Joven Pan on Friday. "The government does not want to be a shareholder anymore. We want to allocate these resources to reduce debt or to improve the quality of life of citizens," Mattar said. The federal government holds just under 155 million shares in Vale, equal to a 3.01% stake wor

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