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RIO – Despite the statement of the interim president, General Hamilton Mourão the government crisis cabinet is considering the possibility that the mining company Vale be dismissed from office, that even if the goal has been traced, the way to reach it can be quite complicated.
To revoke Vale's board of directors, the government must ensure that Previ, the pension fund of Banco do Brasil, convinces Bradespar to revoke the current directors. A shareholder pact, which also includes Japanese Mitsui, does not allow a single partner to make that decision. The current agreement is transitional and valid until 2020, according to Previ.
Later, Mourão baderted that a possible intervention in the direction of Vale would be decided by the board of directors of the company .
From December 2020, with the end of the agreement, Vale's capital will be pulverized, thus taking over the strength of the Brazilian state in the company's activities. In addition to the state pension funds, the government is represented in the mining company by BNDESPar, a branch of the National Bank for Economic and Social Development (BNDES), but is not part of the convention of d & # 39; shareholders.
General Hamilton Mourão, President-in-Office, said Monday that the government's crisis cabinet is investigating the possibility of the Vale mining company being removed from office during investigations into the disaster that occurred last Friday, 25 years , in Brumadinho, metropolitan area of Belo Horizonte.
"This question from Vale's board of directors is being studied by the crisis group, let's wait for the lines of action they are raising," he said. told the press while leaving the palace of Plbadto in Brasilia. Mourão, however, admitted he did not know if the group could make such a recommendation. "I have to study, I'm not sure," he said.
Later, he stated that only President Jair Bolsonaro could hit the hammer on this. "The president is absent, he has to decide on that," he said.
Shares related to the Vale shareholders' pact are divided into 10.1% for Litel, an investment instrument of Previ, Petros (Petrobras), Funcef (Caixa Econômica Federal) and Funcesp (Cesp) ) to Vale, Previ having 80.6% of Litel and, therefore, 21.33% of Vale.
According to a lawyer consulted by Estadão / Broadcast, the government could also change the meaning of an interim measure legitimizing intervention by way of an amendment to the SA Act
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