Brazilian miner Vale SA on Wednesday confirmed it has hired advisors to assess "long term value-unlocking alternatives," after Financial Times reported the company was looking to sell a stake in its metals business. Vale added in a securities filing, however, that no decision has been reached yet on any potential transaction. Financial Times had reported earlier in the day that Vale was in talks to sell a $2.5 billion minority stake in its metals business, citing people familiar with the matter.
In the latest trading session, VALE S.A. (VALE) closed at $12.77, marking a +1.75% move from the previous day.
VALE S.A. (VALE) closed the most recent trading day at $12.55, moving -0.32% from the previous trading session.