Brazil's Vale agrees to sell 25% stake in China's Henan Longyu for $152 million [Reuters]
VALE S.A. American Depositary Shares Each Representing one common share (VALE)
Last vale s.a. american depositary shares each representing one common share earnings: 4/29 04:02 pm
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Source: Reuters
Brazil's Vale agrees to sell 25% stake in China's Henan Longyu for $152 million SAO PAULO (Reuters) - Brazilian mining company Vale SA ( VALE3.SA ) said on Friday it has agreed to sell its 25% stake in China’s Henan Longyu Energy Resources Ltd. to Yongmei Group Co. for about $152 million. In a securities filing, Vale added the transaction is expected to be concluded in the first quarter of 2020. The company also said the divestiture in Henan Longyu Energy Resources is part of its strategy better allocate capital and streamline its businesses.
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News
- BHP Seeks Brazil Growth to Emerge From Shadow of Mining Disaster [Yahoo! Finance]Yahoo! Finance
- Vale S.A. (NYSE: VALE) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Vale S.A. (NYSE: VALE) was downgraded by analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating. They now have a $11.30 price target on the stock, down previously from $14.50.MarketBeat
- US Mulls Backing Brazilian Nickel Plant With Up to $550 Million [Yahoo! Finance]Yahoo! Finance
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VALE
Earnings
- 7/26/24 - Beat
VALE
Sec Filings
- 12/20/24 - Form 6-K
- 12/17/24 - Form 6-K
- 12/11/24 - Form 6-K
- VALE's page on the SEC website