Vale prepares joint bid with Apollo for Anglo's Brazil fertiliser business

April 12, 2016 3:21 PM

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LONDON, April 12 Brazilian miner Vale is teaming up with U.S. private equity firm Apollo to bid for Anglo American's niobium and phosphates business in Brazil, three sources familiar with the matter said on Tuesday.

A sale of the assets, used for making fertilizers, could fetch around $1 billion for Anglo American.

Also read: Brazil’s Petrobras Posts Loss Following Settlement Charges

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