Bloomberg News

Vale Buys Remaining Shares in Fertilizer Unit

January 24, 2012

Jan. 24 (Bloomberg) -- Vale SA bought the shares of a fertilizer unit that it didn’t already own and now controls 100 percent of the unit’s ordinary and preferred stock, the company said in a regulatory filing today.

The company bought 5.31 million shares, or 0.94 percent of the fertilizer unit’s outstanding shares, at 25 reais ($14.18) per share plus interest, Vale said.

To contact the reporter on this story: Juan Pablo Spinetto in Rio de Janeiro at jspinetto@bloomberg.net

To contact the editor responsible for this story: Peter Millard at pmillard1@bloomberg.net


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