Bradespar SA (BRAP4.SA)
R$ -0.52 (-1.55%)
|Market Cap(Mil.):||R$ 11,157.60|
SAO PAULO/RIO DE JANEIRO Brazilian pension funds led by Previ are planning to sell 10 percent to 12.5 percent of their stakes in iron ore miner Vale SA through a public offering, four people with knowledge of the matter said.
SAO PAULO, March 6 The board of Litel Participações, which holds Brazilian pension funds' stakes at miner Vale SA, has proposed to distribute shares of the miner to the funds.