Brazil's Vale buys out Baoshan's stake in Baovale, report says

Reuters02-06

SAO PAULO, Feb 6 (Reuters) - Brazilian miner Vale VALE3.SA has agreed to buy a 50% stake in Baovale from its Chinese partner Baoshan Iron & Steel 600019.SS, taking control of the company, newspaper Valor Economico reported on Thursday.

(Reporting by Isabel Teles; Editing by Gabriel Araujo)

((Isabel.Teles@thomsonreuters.com;))

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