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Vale Reaps $1B In Cargo Co. Stake Sale To Mitsui, Brazil Fund

By Jake Simpson (September 19, 2013, 4:38 PM EDT) -- Brazilian mining giant Vale SA has agreed to sell 35.9 percent of its cargo transportation subsidiary to Mitsui & Co. Ltd. and a Brazilian investment fund for 2.71 billion Brazilian reais (US$1.2 billion) and is in talks to sell an additional 26 percent stake to Brookfield Asset Management Inc., Vale said Wednesday....

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