Vale announces restructuring
Vale has announced a restructuring of its controlling structure, which is likely to lead to the Company’s migration to the Novo Mercado segment. The operation comprises the incorporation of the controlling shareholder group into Vale, with an embedded premium of 10%, with the non- mandatory option of preferred shares being converted into common shares in the ratio of 0.9342 common share for one preferred share.
The operation was discussed during Amec’s Technical Commission meeting, held on March 15th, and any public comments to be made by the association depend on the decisions of our governance bodies.
