Vale from now, that it is in the objective of president Luiz Inácio Lula da Silva critics, it is very different from the company that was privatized in 1997. The company – the largest firm toilet of Brazil and of Latin America – it exhibits numbers that turned it a giant, with income of US$ 38,5 billion in 2008, comparable to the Gross Domestic Product (PIB, sum of products and services produced in one year) of Uruguay. It income increased in eight times, the net profit was multiplied by 29, the market value passed about US$ 8 billion for US$ 125 billion, and the number of employees, that it was of 10 thousand, it is in 60 thousand.
Besides larger producing of iron ore of the world, Vale assumed a preponderant position in other vital sections for the Brazilian economy, as agronegócio, logistics and generation of energy. Vale administers her the main railroads, it controls great ports, it possesses nine hydroelectric power stations and it is the only producer in the country of inputs for fertilizers. Their investments, in the house of the R$ 18 billion, arrive the all of the areas, and it net of suppliers, of 10 thousand companies, it is only inferior to the chain of companies that they around Petrobrás. Vale also illustration as consuming adult of electric power, diesel and biodiesel of Brazil.
In spite of the numbers and of a success strategy in a section globalizado, Vale has been her objective of president’s Lula critics. The government is unsatisfied with the transport of the investments of the company, that, looking for profits, a lot of times it makes decisions that would not be developing the national industry directly. In February, in trip to Recife, the president classified as an absurdity the dismissals that the company did amid the retraction caused by the world crisis – Lula said that it called the president of the company, Roger Agnelli, to complain. In September, Lula questioned the purchase of Chinese ships.
– It is impossible is Vale to continue buying ship in China when we are setting up the naval industry here – Lula said in the occasion.
As notícias estão em todo lugar. Reportagens e entrevistas exclusivas sobre o setor ferroviário, só na RF — desde 1940.
Por R$ 8,42/mês — parcele em 12x sem juros.
Operator says that Eike can be being used by the government
Lula’s complaints don’t echo well, according to market analysts. Besides affecting the image of the company, some specialists suggest that the president tries to influence the strategies of businesses of a private company, but that possesses in her control stock institutions of strong state character. BNDESpar (arm of participations in companies of BNDES), for instance, is state, and the pension fund suffer strong political influence. Like this, Lula’s opinions Vale are not as ineffective as the critics that him usually does to banks.
The analysts see with certain distrust the interest of Eike in Vale. As an operator that asked for not being identified, the entrepreneur can be being used by the government to press the control change in the mineradora. In their evaluation, if the interest of Eike goes real, he can make a hostile (directly to the shareholders) public offer, but this doesn’t seem to be the entrepreneur’s profile.
For other analyst, the risk it is that Eike influences Vale to negotiate with the companies of his group, EBX. However, for Vale, that influence would be harmful, because it characterizes conflict of interest. The presence of Eike in Vale would facilitate until the sale of the mining (MMX) arms and logistics (LLX) of his conglomerate:
– With him in Vale, it is easier to seduce shareholders for the purchase of the two companies, in spite Vale never to have manifested interest in those companies – it affirmed a source.
Vale, pension fund and Eike Batista didn’t comment on the movements that happen in the entornos of Vale. Petros, fund of the employees’ of Petrobrás pension, that is in the control of the company, informed that ii doesn’t think about selling his part in Vale”.
Seja o primeiro a comentar