Vale Divests Usiminas Stake

Vale has sold its almost 15m shares in Usiminas for BRL40.00 per share, or a total of BRL594.7m, to a group of Usiminas shareholders. The buyers include Camargo Correa, Mitsubishi, Nippon and Votorantim. The stake is equal to 2.93% of Usiminas’ total capital, Vale says. After this sale, Vale will no longer have a participation in Usiminas.