01
Feb
21:55
Vale finalises CSI sale to Nucor
The sale of Vale’s 50% stake in California Steel Industries to US steelmaker Nucor has been completed.
Vale’s subsidiary Vale Canada Limited received $436.7 million in cash for the sale – $400m for 50% enterprise value and $36.7m for the adjusted net debt and working capital at closing.
Prior to the finalisation of the sale, Vale received $65m in dividends from CSI for its financial performance in the second half of 2021, Kallanish notes.
Nucor…
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