Vale sells 2.07% stake in PT Inco

PT International Nickel Indonesia (Inco) announced on Thursday that its parent company Vale Inco Limited, a wholly-owned unit of the world?s largest iron-ore miner Vale S.A. sold a 2.07 percent stake in Inco?s share.

The firm did not specify who bought the stake, only saying: "The sale was conducted through a book building process,

Following the transaction, Inco is now 58.73 percent owned by Vale Inco Limited, 20.09 percent by Sumitomo Metal Mining Co., Ltd. and 21.18 percent by public and other shareholders. (bernard)