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VALE Vale SA

12.61
0.09 (0.72%)
04 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Vale SA NYSE:VALE NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.09 0.72% 12.61 12.67 12.45 12.65 23,144,400 00:30:38

Mosaic to Buy Vale's Fertilizer Business for $2.5 Billion

19/12/2016 12:00pm

Dow Jones News


Vale (NYSE:VALE)
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From May 2019 to May 2024

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By Paul Kiernan 

RIO DE JANEIRO -- Brazilian mining firm Vale SA said Monday it will sell most of its fertilizer business to U.S.-based The Mosaic Company for around $2.5 billion.

Vale expects to receive half that amount in cash and the other via the issuance of an estimated 42.3 million shares in Mosaic, equivalent to about 11% of the latter company's capital.

Write to Paul Kiernan at paul.kiernan@wsj.com

 

(END) Dow Jones Newswires

December 19, 2016 06:45 ET (11:45 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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