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Apollo-Managed Affiliates, Funds And Other Long-term Investors To Invest $600M To Acquire 50% Interest In JV Entity Related To Vale Oman Distribution Center

Author: Benzinga Newsdesk | August 06, 2024 05:51pm

VODC operates a maritime terminal in Sohar, Oman, with a large deep-water jetty and an integrated iron ore blending and distribution center with a nominal capacity of 40 Mtpy. Vale will continue to own 100% of Vale Oman Pelletizing Company.

The transaction is expected to close in the second half of 2024 and is subject to customary regulatory approvals.

Posted In: APO VALE


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