Rio de Janeiro, Brazil-Vale S.A. said Dec. 20 that it will increase its direct and indirect holdings in Vale Fertilizantes to 99.83 percent of the total common shares and 78.92 percent of the total capital as a result of a public offer to acquire remaining total common shares of Vale Fertilizantes S.A. by its subsidiary Mineração Naque S.A. The public offer started Nov. 18, 2010 when the offering document was published, and ended Dec. 20 with the public auction, which offered a purchase price of R$23.50 for each common share of Vale Fertilizantes. 20,317 common shares were acquired in the auction. The financial settlement was to conclude Dec. 23, 2010.
Transparency Across the Fertilizer Value-Chain