Brazil's Vale could sell stake in fertilizer unit in 2016 -paper
BRASILIA, April 6 (Reuters) - Brazilian miner Vale SA could sell a minority stake in its fertilizer unit by the end of the year, newspaper Valor said on Wednesday, citing unnamed market sources.
Norwegian fertilizer maker Yara International ASA is tipped as a potential buyer in a deal that could yield Vale an expected $1.2 billion, Valor reported.
Representatives of Vale and Yara did not immediately respond to requests for comments.
Vale is seeking to sell $10 billion in assets in the next 18 months after taking the biggest loss in decades in the fourth quarter of 2015 but analysts have told Reuters a fire sale could destroy equity value.
Meanwhile, Yara plans to raise investments to become more competitive and grow its business. (Reporting by Silvio Cascione; Editing by Bill Trott)
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