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Vale to sell stake in logistics firm, invest $4bln

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Vale to sell stake in logistics firm, invest $4bln (via AFP)

Brazil’s mining giant Vale announced Thursday a deal to sell a 35.9 percent stake in its cargo logistics firm VLI to Japan’s Mitsui and a Brazilian government fund. The transaction, valued at $1.232 billion, calls for the sale of a 20 percent stake…

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