By Anjie Zheng

Brazilian metals multinational Vale SA (VALE) said in a statement on the Hong Kong Stock Exchange it will sell its 26.87% stake in Companhia Siderurgica do Atlântico to steel-mill operator Thyssenkrupp AG (TKAMY) for an undisclosed amount.

The company said the shares will be sold at a symbolic price that entitles Vale to the potential future sale of a controlling stake in CSA to another party.

It said the sale reinforces the company's strategy to sell non-core assets.

Write to Anjie Zheng at anjie.zheng@wsj.com

(END) Dow Jones Newswires

April 05, 2016 00:41 ET (04:41 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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