BNDES obtains $1.6 bn from sale of Vale shares in historical operation

The National Bank of Economic and Social Development (BNDES) raised 8.1 billion ($1.6 bn) reais with the sale of a block of shares of mining company Vale at R$60.26 ($12.05) each on Tuesday, said the president of the institution in a social network. According to Gustavo Montezano, the transaction represents the largest “block trade” in Latin American history.

Source: UOL Economia