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Friday, August 12, 2016

Vale awaits government nod in Mitsui deal | The Times Group

Vale awaits government nod in Mitsui deal | The Times Group: "Brazil company, Vale, says it awaits the approval of the Malawi Government before concluding the sale of shares in its Mozambican operations to the Japanese company Mitsui.

Vale Chief Executive Officer, Murilo Ferreira, is quoted by Brazilian newspaper, Valor Economico as saying that the agreement is “in a very advanced stage”, and is awaiting approval from the Government of Malawi.

Mitsui agreed, in 2014, to pay $763 million for a 15 percent stake in Vale’s open cas"



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