FGTS

Brazilian miner Vale agrees to divest VLI stake to Brookfield for $842M

Brazil-based iron ore miner Vale agreed to sell a stake in logistics company VLI SA to Canadian firm Brookfield Asset Management in a deal valued at BRL2 billion ($842.78 million).

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Vale to sell control of VLI unit to Japanese, Canadian and Brazilian investors

On Wednesday, Vale SA said it had planned to sell control of VLI SA to Brookfield Asset Management Inc, Mitsui Co and FGTS valued BRL4 billion.

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