CVRD Completes Inco Acquisition

Brazilian iron-ore producer Companhia Vale do Rio Doce (CVRD) announced Friday it now owns 100% of the common shares of CVRD Inco, the newly formed entity resulting from the amalgamation of Canadian nickel miner Inco. Under the amalgamation, which was effective on January 4, holders of Inco common shares received, for each such share held, one Class A redeemable preferred share of CVRD Inco. Inco’s common shares were de-listed from the Toronto Stock Exchange at the close of trading Friday and will no longer be traded on any stock exchange. “CVRD Inco has applied to cease to be a reporting issuer under Canadian securities laws and has suspended its reporting obligations under United States securities laws”, the company added.