Former Vale CEO Agnelli to Start Investment Company, Exame Says

Roger Agnelli, the former chief executive officer of Vale SA (VALE3), plans to start a financial company in Brazil to invest in energy, logistics and mining, Exame magazine reported, citing Agnelli.

Agnelli will partner with Jair Ribeiro, co-chief executive officer of Banco Indusval SA (IDVL3), the Sao Paulo-based magazine reported, without saying where it obtained the information. The firm will start operating in January, Exame said.

To contact the reporter on this story: Francisco Marcelino in Sao Paulo at

To contact the editor responsible for this story: Helder Marinho at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.