November 18, 2020 |
Brazilian development bank BNDES said Tuesday that it earned BRL2.5 billion ($469 million) from the sale of 40 million shares in the mining company Vale through a block trade on the B3 stock exchange in São Paulo.
The bank's investment division, BNDESPar, sold the shares for BRL63.62 each with Bradesco BBI and Morgan Stanley in charge of the deal, according to a securities filing.
BNDESPar now owns 118 million shares in Vale, the bank said in the filing.
BNDESPar earned BRL8.1 billion from the s
Brazilian development bank earns $469 mln from a block trade for 40 mln shares in the mining company