Brazil's Vale says it will sell CSA steel plant stake to Thyssenkrupp

lunes 4 de abril de 2016 17:30 GYT

SAO PAULO, April 4 (Reuters) - Brazilian miner Vale SA said on Monday it will sell its entire 26.87 percent stake in the CSA steel plant to Germany's Thyssenkrupp for a token value, in a bid to focus on its core mining businesses with commodity prices at historic lows.

Vale's announcement confirmed a Reuters report on Friday which said the world's largest iron ore producer was planning to exit the steel venture. (Reporting by Tatiana Bautzer and Guillermo Parra-Bernal; Editing by Chris Reese)