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CVRD launches bid for Inco

Last updated: 2006-08-12

CVRD launches bid for Inco
2006-08-12

Category
Nickel
Iron
M&A
Nations
Brazil
Argentina
Canada
Australia
Spain
China
City
Rio de Janeiro
Toronto
States
Ontario
Company
Xstrata
Repsol
CVRD
Brazil's CVRD (VALE5.SA), the world's leading iron ore producer, joined the bidding war for Canadian nickel miner Inco Ltd. (Toronto:N.TO) on Friday with an all-cash offer of $17.6 billion, one of the biggest overseas takeover bids ever by a Brazilian company. ... ...
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