Vale : concludes acquisition of minority stake of Vale Fertilizantes
January 24, 2012 at 10:02 am EST
By
Share
Vale informs that Vale Fertilizantes General Shareholders
Meeting approved the redemption of the remaining 5,314,386
free floating common and preferred shares, representing
0.94% of the total shares of Vale Fertilizantes. As a
result, Vale will hold, through wholly-owned subsidiaries,
100% of the common shares and 100% of the preferred shares
of Vale Fertilizantes.
The shares will be redeemed by the price of the public
offer (OPA) held on December 12, 2011 of R$ 25.00 per
share, plus interest based on the SELIC, the Brazilian
Central Bank policy interest rate, counted from the OPA's
financial settlement date on December 15, 2011 to the
expected payment date of the redeemed shares on January 26,
2012.
The conclusion of the acquisition of Vale Fertilizantes is
consistent with Vale's strategy of becoming a global leader
in the fertilizer business, involving the build-up of a
large world-class value creation platform through a
combination of acquisitions and organic growth.
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Vale S.A. is one of the world's leading metallurgy and mining groups. Revenues break down by family of products as follows:
- ferrous minerals and metals (80,2%): ferrous minerals (85.1% of revenues; 254 Mt sold in 2020), ferrous mineral granules (13.2%; 31.2 Mt), iron alloys and manganese (0.7%; 1.4 Mt), and other (1%);
- non-ferrous minerals and metals (17.9%): nickel, precious metals, and cobalt (69.7% of revenues; 211 Kt of nickel sold) and copper (30.3%; 247 Kt);
- coal (1.2%): metallurgical coal (2.9 Mt sold) and thermal coal (3 Mt);
- other (0.7%).
Revenues are distributed geographically as follows: Brazil (7.3%), the United States (2.6%), Americas (1.5%), China (57.8%), Japan (5.5%), Asia (8.2%), Europe (13.3%) and Middle East/Africa/Oceania (3.8%).
VALE S.A. 
