Valley sells fertilizer unit of Cubatão the Norwegian Yara

Vale sold your fertilizer unit in Cubatão to Norwegian company Yara International ASA for $ $255 million, according to statement issued on Friday (17).
The deal should be completed in the second half of 2018, according to the company. The deal still depends on the approval of the Administrative Council for economic Defense (Cade) and other authorities
"This is another step in the direction of reducing the leverage of the Valley, because the proceeds received will reduce the debt, following the strategy of divesting non-strategic assets and value creation for its shareholders through the strengthening of the balance sheet," mining company.