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RIO – Vale's chairman, Fabio Schvartsman, said Thursday (26) that the stock repurchase transaction, announced yesterday (25) by the company, can be interpreted as a sign of trust of the company. "
" It is a demonstration of our confidence in the performance of the company The company is doing well and will continue We feel comfortable to invest to buy the badets that we know the best [as ações da empresa] Nobody knows Vale better "
Schvartsman pointed out that the company chose to do stock redemption transaction, and did not pay extraordinary dividends to shareholders, to preserve the new company, "said the leader, during a teleconference with badysts. dividend policy. "But that does not mean we can not make extraordinary dividends if money is allowed," he said.
Debt
The rate of debt reduction is expected to be lower in the third quarter. However, starting in the fourth quarter, the company's debt is expected to drop significantly again, said Luciano Siani Pires, executive director of finance and investor relations.
"[Esperamos] In the third quarter a little further slowdown in debt reduction and the fourth quarter another slowdown, as in the second quarter."
In the second quarter, Vale reduced its net debt by 39, about US $ 3.38 billion. recorded at the end of the first quarter. On June 30, the company's debt rose to $ 11.519 billion
"Investors can expect a very wise capital discipline in the coming years."
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