Vale Seeking to Trim Debt Exits Thyssenkrupp Steel Venture

Updated on
  • German maker falls 5.5% on gaining full control of Brazil mill
  • Brazilian iron ore miner free from plant's debt obligations

Vale SA, the world’s largest iron ore producer, is selling its share in Brazilian steel mill venture CSA to German partner Thyssenkrupp AG for a “symbolic price,” the company said, part of a strategy to dispose of non-core assets to help bolster its balance sheet.

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