RIO DE JANEIRO, April 14 (Xinhua) -- Brazil's mining giant Companhia Vale do Rio Doce (Vale) announced Tuesday that it had sold a 19-percent stake in its subsidiary Companhia de Alumina do Para (CAP) to Dubai Aluminium Company Limited (DUBAL).
If the deal, still pending for "certain conditions," is stricken, DUBAL, one of the largest single site aluminum smelters in the world and the industrial flagship of Dubai, will have a 19 percent stake in the CAP, while Vale still holds 61 percent shares.
Norway's Hydro Aluminium, Vale's another partner in CAP, has other 20 percent stake.
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