BNDES makes up $2.1 bn with sale of the last shares of Vale

BNDES closed its equity stake in the mining company, in operations that, since the beginning of 2021, totalled R$ 11.2 billion ($2.1 bn) on the São Paulo Stock Exchange. Since August last year, the financial institution has sold a total of R$ 24 billion ($4.3 bn) in shares in the mining company. A relevant part of this sale was possible after the end of Vale’s shareholders’ agreement, to which the bank was linked, and which ended in November 2020.

Source: 6 Minutos