Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Vale Seeks to Sell Stake in Logistics Company Log-in

Vale SA, the world’s largest iron-ore miner, is seeking to sell a stake in Brazilian railroad and ship operator Log-in Logistica Intermodal SA as it divests assets to raise cash.

While Vale is analyzing a possible sale of its 31 percent stake in Log-in, no decision has been made, a Vale press officer, who can’t be named under corporate policy, said by telephone from Rio de Janeiro. The plan had been reported earlier today by Sao Paulo-based newspaper Valor Economico, which cited Humberto Freitas, Vale’s executive director for logistics.

Chief Executive Officer Murilo Ferreira is selling units after the stock slumped to the lowest in three years in September amid waning demand from China and Europe. Rio-based Vale has raised $1.47 billion through asset sales this year, including a $234 million fertilizer plant sold to Petroleo Brasileiro SA, according to data compiled by Bloomberg.

Log-in, also based in Rio, owns ships and port terminals and offers railroad transportation for containers. In November, Eton Park Capital Management LP, the hedge fund founded by Eric Mindich, cut its stake in Log-in to 2.8 percent from 8.3 percent, according to Bloomberg data and a regulatory filing by Log-in.

Log-in rose as much as 4.2 percent in Sao Paulo trading to 8.43 reais, the highest intraday since April 3. It was up 2.6 percent at 8.30 reais at 11:17 a.m. Vale climbed 0.7 percent to 40.99 reais.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.