BILLITON.BILLITON, a U.K.-based mining conglomerate conglomerate, in business conglomerate, corporation whose asset growth, often very rapid, comes largely through the acquisition of, or merger with, other firms whose products are largely unrelated to each other or to that of the parent company. , took a 2.1% stake in iron producing giant Companhia Vale do Rio Doce Summary Companhia Vale do Rio Doce (CVRD) is a global diversified mining company, the second largest mining company in the world, and the largest logistics operator in Brazil. (CVRD CVRD Companhia Vale do Rio Doce (Brazilian mining company) CVRD Cowichan Valley Regional District (Vacouver Island, British Columbia, Canada) CVRD Converter, Variable Resistance, to DC Voltage ) by buying 67% of Sweet River Investments for US$327 million. Sweet River has an interest in CVRD's controlling shareholder, Valepar. The purchase will give Billiton a 7.7% percent holding in Valepar. |
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