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DJ Venezuela In Talks with 6 Japanese Cos For Stake In Venalum
Edited by : AL CIRCLE
1 min read
The Venezuelan government said Thursday that it is in talks to buy a 20% stake in state aluminium producer CVG Venezolana de Alumino,or Venalum,which is currently held by 6 Japanese companies.
In a statement on its website, the Ministry of Basic Industries and Mining said it had begun negotiations with Showa Denko K.K.(4004.TO), Kobe Steel Ltd. (5406.TO, KBSTY), Marubeni Corp. (8002.TO), Sumitomo Chemical Co. (4005.TO), Mitsubishi Materials Corp. (5711.TO, MIMTF) and Mitsubishi Aluminum Co. The parties expect to reach an agreement within four months, the ministry said.
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