Miner Vale (VALE -1.1%) confirms it's holding talks to buy Bunge Ltd.'s (BG +5.1%) Brazilian...

|About: Bunge Limited (BG)|By:, SA News Editor

Miner Vale (VALE -1.1%) confirms it's holding talks to buy Bunge Ltd.'s (BG +5.1%) Brazilian fertilizer assets for up to $3.8B. Vale plans to bulk up on in-country assets as Brazil tries to reduce dependence on crop nutrient imports. Elsewhere, CF Industries (CF) up 3.7% after saying yesterday it would drop its bid for Terra (TRA -1%).