Possible stake sale leading to IPO of $35b unit generating interest, says Vale
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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 raised the awareness. We should get more and more questions and attention on that."
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