United States
Securities and Exchange Commission
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the
Securities Exchange Act of 1934
For the month of
December 2013
Vale S.A.
Avenida Graça Aranha, No. 26
20030-900 Rio de Janeiro, RJ, Brazil
(Address of principal executive office)
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
(Check One) Form 20-F x Form 40-F o
(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1))
(Check One) Yes o No x
(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7))
(Check One) Yes o No x
(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
(Check One) Yes o No x
(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b). 82- .)
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Vale to sell stake in Log-in via auction in the stock exchange
Rio de Janeiro, December 26, 2013 — Vale S.A. (Vale) announces that it sold all common shares (28,737,356 shares) of its ownership in Log-in Logística Intermodal S.A. (Log-in), a company listed on the BM&FBOVESPA (ticker symbol: LOGN3) at a price per share of R$8.11, and will receive R$ 233 million. The sale was conducted via auction under the instruction of the Brazilian Securities Commission (CVM) No. 168, December 23, 1991, as amended (CVM Instruction 168). The financial settlement will occur in three days.
The divestment of stakes in Log-in is consistent with Vale’s strategy of reducing its exposure to non-core assets, and a result of its focus on discipline in capital allocation and value maximization for our shareholders.
For further information, please contact:
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+55-21-3814-4540 |
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Roberto Castello Branco: roberto.castello.branco@vale.com |
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Viktor Moszkowicz: viktor.moszkowicz@vale.com |
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Carla Albano Miller: carla.albano@vale.com |
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Andrea Gutman: andrea.gutman@vale.com |
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Christian Perlingiere: christian.perlingiere@vale.com |
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Marcelo Bonança: marcelo.bonanca@vale.com |
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Marcelo Lobato: marcelo.lobato@vale.com |
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Marcio Loures Penna: marcio.penna@vale.com |
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Samantha Pons: samantha.pons@vale.com |
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.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Vale S.A. | |
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By: |
/s/ Roberto Castello Branco |
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Date: December 26, 2013 |
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Roberto Castello Branco |
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Director of Investor Relations |