Seeking Alpha

Vale (VALE) says it may sell its stake in Brazilian logistics firm Log-In Logistica Intermodal,...

Vale (VALE) says it may sell its stake in Brazilian logistics firm Log-In Logistica Intermodal, as it continues to sell off assets it doesn't consider part of its core iron ore business. Vale's 31% stake in the company could be worth as much as 217M reais ($106M). Vale also says it sold its 25% stake in a Brazilian oil and gas exploration partnership to Statoil (STO). VALE +1.6% premarket.
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