Cosan Considers Selling $2.2 Billion Vale Stake ($VALE, $CSAN) to Reduce Debt

Billionaire Rubens Ometto’s conglomerate Cosan is considering selling its $2.2 billion stake in mining giant Vale. The potential sale, involving $VALE and $CSAN, is driven by concerns over leverage and aims to pay down debt. Cosan's move could unwind a soured investment in Vale.