Vale (VALE +2.7%) says it won't play an active role in the change of ownership at Companhia...

|About: Vale S.A. (VALE)|By:, SA News Editor

Vale (VALE +2.7%) says it won't play an active role in the change of ownership at Companhia Siderurgica do Atlantico, a loss-making steel mill in Brazil, and plans only to maintain existing supply contracts. Vale owns a 26.87% stake in the JV with ThyssenKrupp, which put its stake up for sale after losing billions of dollars on the projects in recent years. (earlier)