'Vale Finalizing Deal To Sell 10% Stake In Its Base Metals Unit To Saudi Arabia; Deal With Saudi Arabia's Public Investment Fund Values Entire Base Metal Unit At $25B' - WSJ
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Vale is finalizing a deal to sell a 10% stake in its base metals unit to Saudi Arabia's Public Investment Fund. The deal values the entire base metal unit at $25 billion.
July 25, 2023 | 1:19 pm
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Vale is selling a 10% stake in its base metals unit to Saudi Arabia's Public Investment Fund. This could provide Vale with additional capital and potentially impact its stock price.
The sale of a 10% stake in Vale's base metals unit could provide the company with additional capital, which could be used for further investments or to strengthen its balance sheet. This could potentially make the company more attractive to investors, leading to a positive impact on its stock price.
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