CAPITAL MARKETS

Brazil moots second-half CVRD sell-off

THE Brazilian government may sell its remaining 32% stake in the world's biggest iron ore producer, CVRD, in the second half of this year, a senior official has told <I>Reuters</I>.

Greg Tubby

"In market values, the sale would mean something around US$2 billion," National Development Bank (BNDES) president Francisco Gros told the news agency. "We expect the market to be favourable for the sale...

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