Vale celebrates migration to the Novo Mercado

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Vale celebrates migration to the Novo Mercado

Ten months after announcing its corporate restructuring, on Friday, December, 22nd, Vale celebrated the migration of its shares to the Novo Mercado, the highest listing segment in terms of corporate governance, management and transparency. The event, which was held at B3’s headquarters, was attended by representatives of the organization, as well as Vale employees, counselors and shareholders. After the opening speech in which Gilson Finkelsztain, CEO of B3, congratulated Vale on the important milestone, Fabio Schvartsman, CEO of the mining company, commented on the importance of teamwork for the impressive results.

Schvartsman, along with Gueitiro Matsuo Genso (chairman of Vale's Board of Directors), Luciano Siani (Vale’s CFO) and André Figueiredo (Vale’s Investor Relations Director) rang the traditional market opening bell, officially marking Vale's entry into the new segment.

"It is a great pleasure to end the year by completing the migration to the highest level of governance of B3 in less time than originally planned,"

says CEO Fabio Schvartsman, who was hoping to complete the migration by 2020.

Check out the event for the migration of Vale shares to the Novo Mercado


Check out photos of the event here

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Governance and performance

According to a study published by the Association of Capital Market Investors (AMEC) and the CFA Society Brazil, there is a correlation between the level of corporate governance and market performance. Proof of this is that the average performance of listed companies in the New Market has been higher than that of B3 since 2012.


Vale celebrates migration to the Novo Mercado