Vale readies for diluted ownership as partners renew accord

February 20, 2017

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Brazilian miner Vale SA will become a company with dispersed share ownership, it said on Monday, in a move aimed at enhancing transparency and equal rights for all shareholders in the world’s largest iron ore producer. Vale and its largest shareholders agreed to renew their shareholder accord for another three and a half years, with substantial changes to its corporate structure, it said in a securities filing.

Category: General