Industry News
Vale Concludes Sale of Stakes in VLI to Brookfield
19 August 2014
(Press Release) Vale informs that it has concluded the transaction announced on December 23, 2013, transferring 26.5% of the total capital of VLI to investment funds managed by Brookfield Asset Management, for R$2b. As a result of the completion of this transaction, Vale now holds 37.6% of VLI’s total share capital.
In April, Vale completed the transactions with Mitsui and FI-FGTS, whereby 20% of the total capital of VLI were transferred to Mitsui and 15.9% to the Investment Fund of the Fundo de Garantia do Tempo de Serviço – FGTS (FI-FGTS).
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