Vale on market rumors
WEBWIRE – Monday, January 24, 2011
Vale informs that rumors about a bid to acquire a fertilizers company or about negotiations with the purpose of making a bid to acquire such company are totally unfounded.
We continue to focus on our multiple opportunities of organic growth. Our multi-billion investment plan for 2011, of US$ 24 billion, is anchored in a rigorous discipline in capital allocation and reinforces the confidence in long-term global fundamentals to generate shareholder value.
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