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Vale, Cosan and Brazil

Brazil's Cosan unloads stake in miner Vale

Brazilian conglomerate Cosan has unloaded some 173 million shares it owned in mining giant Vale, which accounted for a stake of roughly 4.05%, it said in a securities filing on Thursday. The move was "based solely on the goal of optimizing its capital structure,

Bloomberg L.P. · 3d

Brazil’s Ethanol King Sells $1.5 Billion Vale Stake to Cut Debt

Billionaire Rubens Ometto’s conglomerate Cosan SA is giving up its stake in mining giant Vale SA, ending its bet on a mining investment in order to pay down debt.

Investing.com on MSN · 3d

Cosan S.A. divests from Vale, selling 4.05% stake

S.A. (B3: CSAN3; NYSE: CSAN), a Brazil-based energy and logistics company with a market capitalization of $2.66 billion, has sold its entire shareholding stake in Vale S.A., a global mining company. The transaction involved the sale of 173,

Yahoo Finance · 3d

Cosan unloads Vale stake to reduce debt, blames high interest rates

Cosan Chairman Rubens Ometto, who in October said the company was not looking to offload its Vale stake in the short term, emphasized that the move was related to Brazil's high interest rates.

akm14d

Brazil's Cosan plans to sell stake in Vale for $2.2 billion

Brazilian company Cosan SA, controlled by billionaire Rubens Ometto, is considering selling a stake in one of the largest mining companies Vale SA for $2.2 billion. This is reported in the Cosan ...

LatinFinance1d

Cosan seen taking more defensive moves after Vale exit

Brazilian conglomerate sold its stake in Brazilian mining company to reduce its debt; more divestments may follow ...

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Vale, Cosan and Brazil

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