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Vale S.A. — Capital/Financing Update 2012
Jan 24, 2012
30050_iss_2012-01-24_257fb1c8-6f6d-4a9e-ae7d-bf0425178eaa.pdf
Capital/Financing Update
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VALE
Press Release
Vale concludes acquisition of minority stake of Vale Fertilizantes
Rio de Janeiro, January 24, 2012 – Vale S.A. (Vale) informs that Vale Fertilizantes S.A. (Vale Fertilizantes) General Shareholders Meeting approved the redemption of the remaining 5,314,386 free floating common and preferred shares, representing 0.94% of the total shares of Vale Fertilizantes. As a result, Vale will hold, through wholly-owned subsidiaries, 100% of the common shares and 100% of the preferred shares of Vale Fertilizantes.
The shares will be redeemed by the price of the public offer (OPA) held on December 12, 2011 of R$ 25.00 per share, plus interest based on the SELIC, the Brazilian Central Bank policy interest rate, counted from the OPA's financial settlement date on December 15, 2011 to the expected payment date of the redeemed shares on January 26, 2012.
The conclusion of the acquisition of Vale Fertilizantes is consistent with Vale's strategy of becoming a global leader in the fertilizer business, involving the build-up of a large world-class value creation platform through a combination of acquisitions and organic growth.
For further information, please contact: +55-21-3814-4540 Roberto Castello Branco: [email protected] Viktor Moszkowicz: [email protected] Carla Albano Miller: [email protected] Andrea Gutman: [email protected] Christian Perlingiere: [email protected] Fernando Frey: [email protected] Marcio Loures Penna: [email protected] Samantha Pons: [email protected] Thomaz Freire: [email protected]
This press release may include statements that present Vale's expectations about future events or results. All statements, when based upon expectations about the future and not on historical facts, involve various risks and uncertainties. Vale cannot guarantee that such statements will prove correct. These risks and uncertainties include factors related to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM), the French Autorité des Marchés Financiers (AMF), and The Stock Exchange of Hong Kong Limited, and in particular the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F.