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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Vale SA | BOV:VALE3 | Bovespa | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.54 | 0.87% | 62.76 | 62.72 | 63.00 | 63.16 | 62.35 | 62.60 | 15,538,900 | 00:00:00 |
From Apr 2021 to Apr 2024
By Matt Grossman
Nucor Corp. has reached deals to buy a majority stake in California Steel Industries Inc.
Nucor said Monday it will amass the position by buying a 50% equity interest in California Steel from a subsidiary of Vale S.A., plus a 1% equity stake from JFE Steel Corp.
California Steel Industries will be a joint venture between Nucor and JFE when the deal is completed.
Nucor said it will pay $400 million in cash to Vale for the 50% stake.
The deal will give Nucor a strong presence on the West Coast and expand its geographic reach, Nucor Chief Executive Leon Topalian.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
December 13, 2021 08:07 ET (13:07 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
1 Year VALE ON Chart |
1 Month VALE ON Chart |
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