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Vale says not in acquisition, financing talks

Thu Jun 19, 2008 12:41pm EDT
 
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NEW YORK, June 19 (Reuters) - Brazil's Vale (VALE5.SA: Quote, Profile, Research, Stock Buzz) (RIO.N: Quote, Profile, Research, Stock Buzz), the world's largest iron ore miner, said in an e-mail that it is not in acquisition talks with any company and is not discussing acquisition financing with banks.

It was responding to a Brazilian press report that the mining giant was lining up banks to build a line of credit for a future acquisition. (Reporting by Carole Vaporean)

 

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