05
Aug
10:15
Brazilian Development Bank offloads shares in Vale
Brazil’s Banco Nacional de Desenvolvimento Econômico e Social (BNDES) has reduced its stake in Vale, Kallanish learns from the development bank.
According to BDNS chief executive Gustavo Montezano, the bank raised BRL 8.1 billion ($1.53 billion) from the sale of most of its stake in the mining company on 4 August.
“We closed the largest block trade in the history of Latin America, selling 135 million shares at the price of BRL 60.26 for ea…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous