Brazil Vale CEO Has No Set Date for Fertilizer IPO

MarketWatch reported that Vale’s (NYSE:VALE) fertilizer unit has still not determined a date for its IPO.

The market news is quoted as saying:

Last October, Vale said it planned to invest $2.5 billion in 2011 in developing fertilizer projects in North and South America and Africa to help meet farmers’ crop-nutrient requirements amid rising global food demand.

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