Tuesday 14 February 2023

Vale acquires #Oman's OQ 30% stake in Vale Oman -state news agency | Reuters

Vale acquires Oman's OQ 30% stake in Vale Oman -state news agency | Reuters

Brazilian mining company Vale (VALE3.SA) has bought back a 30% stake in Vale Oman from Oman's state energy company OQ, the Omani state news agency reported on Tuesday.

OQ, formerly known as Oman Oil Company, bought the stake from Vale in 2010.

Vale Oman has become a 100% foreign company after the acquisition, the state news agency added.

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