X-Nico

unusual facts about Companhia Vale do Rio Doce



Caemi

Caemi Mineração e Metalurgia S.A. was a major Brazilian mining holding company that ceased to exist in December 2006 after it was merged into Vale.

After Vale bought 100% of Caemi, Vale's stake at MBR reached 89.8%, that's because Vale became the owner of Caemi's 84.75% stake at MBR and Vale already indirectly owned 5.05% of MBR through its 9.9% stake at EBM.

The mining company Vale bought between 2001 and 2006 100% of Caemi's capital for a total cost of $3.2 billion.

Finally on 31 March 2006 Vale purchased the remaining 39.8% of Caemi's capital in a stock swap deal worth $2.5 billion.


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