Vale pays 965 mln euros to raise steelmaker stake
SAO PAULO, Sept 21 |
SAO PAULO, Sept 21 (Reuters) - Brazilian mining company Vale (VALE5.SA) said on Monday it agreed with Germany's ThyssenKrupp Steel TKAK.DE to increase its stake in steelmaker Siderurgica do Atlantico to 26.87 percent from 10 percent for 965 million euros ($1.42 billion).
The company made the announcement in a statement filed to Brazilian market regulators.
(Reporting by Cesar Bianconi; Writing by Luciana Lopez)
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