Reuters reported that Brazil's Vale SA is in no rush to sell its stake in Norwegian aluminum group Norsk Hydro ASA.
Mr Murilo Ferreira CEO of Vale said that the company which is scaling back investments and focusing more on core iron ore operations will announce the sale of part of its Brazilian oil and gas exploration and production in coming weeks.
Source:
http://www.steelguru.com/metals_news/Vale_in_no_rush_to_sell_Hydro_stake_oil_deal_close/294547.html