Miner Vale planning more small 'bolt-on acquisitions,' CEO says

Brazil-based miner Vale was planning small-scale acquisitions of assets connected to the company’s existing businesses, chief executive officer Fabio Schvartsman said on Thursday October 25.

The company was becoming interested once again in “bolt-on acquisitions,” Schvartsman told analysts.
“[The acquisitions] will be of small assets, with high return rates and direct connection with assets we already own,” he added.

The purchases are expected to occur in the same commodities and geographies in which Vale already operates, he...

Published

Felipe Peroni

October 25, 2018

16:50 GMT

São Paulo