Vale informs about potential divestment of the Midwestern System
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Vale informs about potential divestment of the Midwestern System
Vale informs that it is in advanced discussions to sell its Iron Ore, Manganese Ore, and Logistics companies that are part of the Midwestern System, which in 2021 produced 2.7 Mt of iron ore and 0.2 Mt of manganese ore and contributed with US$110 million in adjusted EBITDA.
This divestment initiative is in line with the strategy of portfolio simplification and focusing on the main businesses and growth opportunities, guided by disciplined capital allocation.
We will keep the market informed regarding the progress of the negotiations.
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