VALE : S.A. : 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:

[phone]

Roberto Castello Branco: [e-mail]

Viktor Moszkowicz: [e-mail]

Carla Albano Miller: [e-mail]

Andrea Gutman: [e-mail]:
mailto:[e-mail]

Christian Perlingiere: [e-mail]

Fernando Frey: [e-mail]

Marcio Loures Penna: [e-mail]

Samantha Pons: [e-mail]

Thomaz Freire: [e-mail]

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. 

Vale concludes acquisition of minority stake of Vale Fertilizantes:
http://hugin.info/144918/R/1579762/493155.pdf

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Source: Vale S.A. via Thomson Reuters ONE

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