01 MARCH 2011AL CIRCLE
Vale Completes $5.27 Billion Alumina, Bauxite Sale to Hydro
Edited by : AL CIRCLE
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...Vale acquired 22 percent, or $3.5 billion, of Hydro’s outstanding shares, and received $503 million in cash for the assets, Vale said in a statement today. Vale also transferred “off-take rights and outstanding commercial contracts” and net debt of $655 million to Hydro, according to the statement...
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