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 mdeoliveira@bloomberg.net

To contact the editor responsible for this story: Helder Marinho at hmarinho@bloomberg.net

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