Brazil’s Vale SA plans to privatise its fertiliser subsidiary Vale Fertilizantes SA by making a public offer to acquire 100% of the minority shareholders for R2.2bn. ($1.39bn), the company revealed.
“The proposal is aligned with Vale’s strategy to maximise shareholder value by consolidating the fertiliser assets in order to capture the existing synergies within Vale´s asset portfolio,” the company said.
The public offer to acquire...