Structure of majority and controlling shareholders

Structure of majority and controlling shareholders

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Structure of majority and controlling shareholders

Vale's office in Rio de Janeiro.

PT Vale’s parent company is Vale Canada Limited, and the ultimate controlling entity is Vale S.A. (Vale), a public company incorporated under the laws of the Federal Republic of Brazil.

There is no change in major shareholder composition from December 31, 2014, to December 31, 2015. The list of shareholders is as follows:

Major Shareholder December 31, 2015 December 31, 2014
Vale Canada Limited 58.73% 58.73%
Sumitomo Metal Mining Co., Ltd. 20.09% 20.09%
​Public ​20.49% ​20.49%
Vale Japan Limited ​0.55% ​0.55%
Sumitomo Corporation ​0.14% ​0.14%

See our share highlights here

Vale’s controlling shareholder is Valepar, which holds a 33.7% stake in Vale. Valepar itself is a special-purpose company formed under the laws of the Federal Republic of Brazil for the sole purpose of becoming a shareholder of Vale, and it does not conduct any other business activities.

Valepar’s majority shareholder is Litel participações S.A, (Litel), which owns 49.0% stake in Valepar. Litel’s majority shareholder is BB Carteria Ativa, which holds 78.4% stake. BB Carteira Ativa is a Brazilian investment fund.

The Brazilian government also owns 12 golden shares in Vale, which give it veto powers over certain actions, such as changes to the company name, the location of its headquarters and the corporate purpose as it relates to mining activities. This structure can be visualized as follows: 

Structure of majority and controlling shareholders 

Find out more about Vale’s share capital, our subsidiaries, affiliates and joint ventures. Find out more about our golden shares here

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