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Stock Market News

Brazil’s Vale announces share buyback program

04/28/2022

Less than a minute

2022.04.28 01:21

Brazil's Vale announces share buyback program
FILE PHOTO: The logo of the Brazilian mining company Vale SA is seen in Brumadinho, Brazil January 29, 2019. REUTERS/Adriano Machado

(Reuters) – Brazilian miner Vale SA (NYSE:VALE) approved a share buyback program of up to 500 million common shares to be carried out over the next 18 months, the company said on Wednesday.

The program represents around 10% of Vale’s outstanding shares. The company also said it was concluding its previous share buyback program, which had repurchased approximately 168 million shares.

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04/28/2022

Less than a minute