Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board are said to be two potential bidders for a US$2 billion, or at least 10 per cent, stake in the Brazilian mining giant’s base metals unit. The division could be valued between US$20 billion to US$25 billion. (Bloomberg)
Skip to content
Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board are said to be two potential bidders for a US$2 billion, or at least 10 per cent, stake in the Brazilian mining giant’s base metals unit. The division could be valued between US$20 billion to US$25 billion. (Bloomberg)
Talking point: The successful bidder will buy into a rapidly changing business, as Tesla-supplier Vale shifts 30 to 40 per cent of its nickel toward electric vehicles. CPP Investments has been eyeing local investments, and Canada’s federal government is attempting to lure pension funds to cleantech deals. Vale has operations in Ontario, Manitoba, Newfoundland and Labrador and is working on a plant in Quebec. Saudi Arabia’s Public Investment Fund, Mitsui & Co., Mubadala Investment and Qatar Investment Authority are also reportedly considering offers. Vale, CPP Investments and OTTP declined The Logic’s requests for comment.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
A tech firm born from post-Brexit trade chaos sets its sights on Canada
Briefing
Dozens of Canadian researchers join chorus of scientists calling for a global AI oversight
TC Energy strikes deal with Indigenous groups for ownership stake in Coastal GasLink pipeline
Canada’s Tailscale taps Google Moonshot alum to lead sovereign AI push
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
