Vale Restructures as Strong Output Masks Huge Losses
Key Points — Vale’s board approved a R$500 million ($87 million) capital increase without issuing new shares, funded by converting part of its tax incentive reserves. — The board also approved absorbing two wholly owned subsidiaries — Baovale Mineração and CDA Logística — as part of a broader effort to simplify the company’s corporate structure. […]
Black News 
Key Points — Vale’s board approved a R$500 million ($87 million) capital increase without issuing new shares, funded by converting part of its tax incentive reserves. — The board also approved absorbing two wholly owned subsidiaries — Baovale Mineração and CDA Logística — as part of a broader effort to simplify the company’s corporate structure. […]
