Bradespar stakes Vale holding at R$ 11.65 billion in Aug. 14 portfolio update
VALE•Vale stake marked at R$ 11.65 billion
- Bradespar marked its Vale ON stake at BRL 11.65 billion as of Aug. 14, based on a BRL 71.3 close.
- Holding of 163,354,595 Vale shares, equal to 3.83% of Vale’s capital.
- Net cash totaled BRL 253,102,000, lifting net asset value to BRL 11.9 billion.
- Market value stood at BRL 7.61 billion, implying a 36.1% discount to net asset value.
- Bradespar shares closed at BRL 17.67 for BRAP3, BRL 20.26 for BRAP4.
