Brazil's Ethanol Magnate Offloads $1.5 Billion Stake in Vale to Alleviate Debt Burden

In a significant move to manage his financial obligations, Brazilian entrepreneur and ethanol industry leader, Thiago de Andrade, has sold a staggering $1.5 billion stake in Vale. This sale, aimed primarily at reducing mounting debts, marks a pivotal moment for Andrade, who is best known for his influential role in Brazil's booming renewable energy sector.

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