Vale SA (VALE) has released an update.

Vale S.A., a prominent mining company, has announced the approval of a merger with its wholly-owned subsidiary, Aços Laminados do Pará S.A., as part of its strategy to streamline company operations. The merger is intended to simplify the Vale Group’s company structure and is set to be reviewed in an Extraordinary Shareholders Meeting on November 14, 2024. This move is anticipated to optimize the company’s operational efficiency and is aligned with Vale’s ongoing simplification process.

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