E-Paper | April 16, 2025

Takeover bid

Published January 22, 2008

RIO DE JANEIRO, Jan 21: Brazilian mining giant Vale do Rio Doce confirmed on Monday that it was in talks for a multi-billion-dollar take over of Anglo-Swiss rival Xstrata but said no deal had yet been reached. In a statement, the company said: “Vale has been maintaining a dialogue with Xstrata Plc management. At the moment, these discussions had not produced any material result yet.”—AFP

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