Icahn Enterprises to Sell Ferrous Resources to Vale Unit
05 Dezembro 2018 - 8:42PM
Dow Jones News
By Josh Beckerman
Carl Icahn's Icahn Enterprises LP (IEP) has agreed to sell
Brazilian iron ore company Ferrous Resources Ltd. to a Vale SA
(VALE) unit in a deal with an enterprise value of about $550
million.
Icahn Enterprises purchased an interest in Ferrous in 2012, and
then acquired its controlling interest in 2015.
"Even under challenging circumstances created by volatile
commodity markets over the past several years, we deployed our
activist modus operandi and guided the company through turbulent
times," Mr. Icahn said in a statement.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
December 05, 2018 17:27 ET (22:27 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.