Vale’s Boss from Brazil Meets Jokowi to Discuss Divestment

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9/23/2019

Vale’s Boss from Brazil Meets Jokowi to Discuss Divestment

PT Vale Indonesia’s (INCO) holding company in Brazil was invited to meet President Joko Widodo to discuss the divestment of 20 percent of INCO’s shares that will due in October ...

PT Vale Indonesia’s (INCO) holding company in Brazil was invited to meet President Joko Widodo to discuss the divestment of 20 percent of INCO’s shares that will due in October. Vale Indonesia’s shareowners consist of Vale Canada Limited (58.73 percent), Sumitomo Metal Mining Co Ltd (20.09 percent), Vale Japan Limited (0.55 percent), Sumitomo Corporation (0.14 percent), and the public (20.49 percent). “[We] invited them to provide a long-term [commitment] in Indonesia. So, Vale group wants to be committed to staying for a long time in Indonesia,” Vale Indonesia CEO Nico Kanter said at the Presidential Palace in Central Jakarta on Monday (23/09/2019). Kanter added that the President would help to expedite the divestment process.

Sources: Detik.com, September 23, 2019

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Vale’s Boss from Brazil Meets Jokowi to Discuss Divestment