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Mitsui & Co Ltd to Acquire Stake in Subsidiary of Vale SA


Wednesday, 18 Sep 2013 07:45pm EDT 

Mitsui & Co Ltd announced that it will acquire shares worth of BRL 1,509 million (approximately JPY 66,000 million) of Vale S.A.'s wholly owned subsidiary, VLI S.A., which engages in the cargo transportaion business, through private placement of acquisition. And as a result, the Company will hold a 20% stake in VLI S.A. The transaction will be conducted by the end of 2013. 

Company Quote

14.325
-0.105 -0.73%
23 Jul 2014