Inco Acquisition on Track

Roger Agnelli, chairman and CEO of CVRD tells LatinFinance that the acquisition of Inco is progressing “very well”, noting the smooth integration of both cultures. “The environmental problems we thought we had at Inco have turned out to be very manageable,” he adds. Inco was the target of a class action law suit in Canada for contaminating communities in a plant in Ontario. Agnelli adds that he expects CVRD to report strong earnings in 2007, regardless of the softening market environment.