Possible stake sale leading to IPO of $35b unit generating interest, says Vale

London

VALE SA, the world's largest nickel producer, said the potential sale of a stake in a unit valued at as much as US$35 billion is drawing the attention of investors as the outlook for industrial commodities improves.

"There has been a lot of interest" in an eventual initial public offering of Vale's base-metals division, chief financial officer Luciano Siani, 44, said on Friday in London. "The announcement that we are considering that option has rais…