Vale set to make joint bid for Anglo operations

摘要

Brazilian miner and fertilizer company Vale is set to make a joint bid with US private equity firm Apollo for Anglo American's niobium and phosphates business in Brazil, Reuters reported, citing three sources familiar with the matter. A takeover of the assets would represent significant synergy for Vale, which has phosphate and potash assets across Brazil and Latin America. Apollo is likely a joint partner to help with capital needs during the current commodity downturn.