Brazil: Companies complain to watchdog about Vale acquisition

Brazil: Companies complain to watchdog about Vale acquisition

Brazilian steelmaker Cia Siderurgica Nacional (CSN) and port company Porto Sudeste have lodged complaints against miner Vale’s proposed acquisition of rival Ferrous Resources, antitrust regulator CADE announced on Wednesday, February 13. Vale’s plan to buy Ferrous from controlling shareholder Icahn Enterprises in a US$550 million deal was announced in December. Vale is also facing unprecedented […]