Vale Sells Preferred Shares of MBR Held by Minority Shareholder

摘要

Brazil's resource giant Vale S.A. ("Vale") announced on December 20th that its subsidiary Mineracoes Brasileiras Reunidas S.A. - MBR ("MBR") approved at the Shareholders' Meeting the remuneration and the redemption with the consequent cancellation of all class A preferred shares of MBR, which were solely owned by Banco Bradesco BBI S.A., for the total amount of R$ 3,309 million (approx. US$807 at US$1=R$4.10).