SAO PAULO--Brazilian investment bank BTG Pactual and the former president of Brazilian mining giant Vale, Roger Agnelli, are set to announce the creation of a partnership in the mining industry, according to a source familiar with the situation.
Earlier Wednesday, Brazilian newspaper Valor Economico said BTG and Agnelli were gearing up to create a company with activities in the segments of fertilizers and iron, among others.
BTG declined to comment.
Agnelli left Vale in 2011, after almost 10 years as head of the company.
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