Vale SA, the world's largest iron-ore producer is considering to sell its holdings in its coal and fertilizer divisions. The Brazilian mining giant is also looking to sell its stake in a steel-slab plant constructed with Germany's ThyssenKrupp AG.
ThyssenKrupp AG
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German industrial conglomerate ThyssenKrupp AG reportedly plans to put up for sale its 51.5 million new shares in a capital increase. The deal could bring in EUR907 million (USD1.23 billion) to the company.
A spokeswoman for activist hedge fund Cevian said the fund had increased its holdings from less than 3% to 5.2% in German multinational conglomerate corporation ThyssenKrupp.
ThyssenKrupp AG is reconsidering the sale of its Steel Americas unit, selling off only its US operations.
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