SÃO PAULO Brazils MMX Mineracao e Metalicos
SA has been evaluating business opportunities that include the
possible sale of shares and assets, the iron ore miner said
The shares that could be sold are held by MMXs
controlling shareholder, Eike Batista, the company said in a
filing with São Paulo stock exchange Bovespa.
Interested parties include Brazilian and foreign
investors, according to the filing. Accordingly,
the company has engaged financial advisers and has begun a
competitive and organized process focused on generating value
for all its shareholders, MMX said.
Last week, a Brazilian weekly magazine said that MMX was in
negotiations with Glencore Xstrata Plc about the sale of its
50-million-tonne-per-year iron ore Sudeste Superport in Rio de
A version of this
article was first published by AMM sister publication Steel