As dispatches from foreign news agencies report, the world's largest iron ore producers CVRD had hired Canada scotiabank (Bank of Nova Scotia) and citigroup their Brazilian oil assets led to sell.
 
Bloomberg quoted, people familiar with the matter say the CVRD oil exploration areas could reach $1 billion valuation.
 
Citigroup in Sao Paulo this a anonymous executives declined to comment. CVRD HeFeng industry bank spokesman also all did not respond.




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