Vale plans merger of two wholly owned subsidiaries

Vale S.A. reports that its Board of Directors has approved submitting to the April 30, 2026 shareholders’ meeting proposals to merge two wholly owned subsidiaries, Baovale Mineração S.A. and CDA Logística S.A., into Vale.

Rhea-AI Filing Summary

Vale S.A. reports that its Board of Directors has approved submitting to the April 30, 2026 shareholders’ meeting proposals to merge two wholly owned subsidiaries, Baovale Mineração S.A. and CDA Logística S.A., into Vale. The mergers will occur without any increase in Vale’s capital stock or issuance of new shares.

The Board endorsed the appointment of Macso Legate Auditores Independentes to prepare appraisal reports for both Baovale and CDA and approved the related merger protocols and justifications. Vale’s management is authorized to perform all acts necessary to implement the mergers once shareholder approval is obtained.

Insights

Corporate governance analyst

Vale advances internal simplification by proposing mergers of two wholly owned subsidiaries into the parent company, with no new shares issued.

The Board of Vale S.A. agreed to submit for shareholder approval the mergers of Baovale Mineração S.A. and CDA Logística S.A. into Vale. Both entities are wholly owned, and the mergers are structured without increasing capital stock or issuing new shares, indicating an internal reorganization rather than an external acquisition.

The Board confirmed Macso Legate Auditores Independentes as the appraiser for each subsidiary’s shareholders’ equity and approved the corresponding merger protocols and justifications. Implementation depends on the General Shareholders’ Meeting scheduled for April 30, 2026, when shareholders will decide on the proposed corporate reorganizations.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What corporate action did Vale (VALE) announce in this Form 6-K?

Vale announced that its Board approved submitting for shareholder approval the mergers of two wholly owned subsidiaries, Baovale Mineração S.A. and CDA Logística S.A., into Vale S.A. This is an internal corporate reorganization rather than an acquisition of external companies.

Will the Baovale and CDA mergers increase Vale (VALE) share capital or issue new shares?

No. Vale states that both mergers of Baovale Mineração S.A. and CDA Logística S.A. into Vale will occur without any increase in capital stock and without issuing new Vale shares. Existing shareholders’ proportional ownership is therefore not affected by the transaction structure described.

When will Vale (VALE) shareholders vote on the proposed mergers?

The proposed mergers of Baovale Mineração S.A. and CDA Logística S.A. into Vale will be submitted to the next General Shareholders’ Meeting, scheduled for April 30, 2026. The reorganizations depend on approval at this meeting before they can be completed.

Who was appointed to appraise Baovale and CDA for the Vale (VALE) mergers?

Vale’s Board ratified the appointment of Macso Legate Auditores Independentes to value the shareholders’ equity of Baovale Mineração S.A. and CDA Logística S.A. The firm will prepare the appraisal reports and any other necessary documents supporting the merger proposals.

What authority did Vale (VALE) management receive regarding the Baovale and CDA mergers?

Vale’s Board authorized the company’s managers to perform all acts necessary to implement the mergers of Baovale Mineração S.A. and CDA Logística S.A. into Vale. This authorization applies once the General Shareholders’ Meeting approves the merger terms and related documentation.

Are Baovale and CDA controlled by Vale (VALE) before the mergers?

Yes. The filing describes Baovale Mineração S.A. and CDA Logística S.A. as wholly owned subsidiaries of Vale. The mergers therefore consolidate entities already under Vale’s full control into the parent company, simplifying the group’s corporate structure without changing ownership relationships.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 02/26/2026 - 06:53 PM Learn about SEC filing dates

United States

Securities and Exchange Commission

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the

Securities Exchange Act of 1934

For the month of

February 2026

Vale S.A.

Praia de Botafogo nº 186, 18º andar, Botafogo
22250-145 Rio de Janeiro, RJ, Brazil

(Address of principal executive office)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

(Check One) Form 20-F x Form 40-F ¨

   CNPJ 33.592.510/0001-54 NIRE 33.300.019.766 EXTRACT OF THE MINUTES OF THE ORDINARY BOARD OF DIRECTORS MEETING OF VALE S.A. The Board of Directors ("BoD") met on February 26, 2026, at Praia de Botafogo, 186, 20th floor, in the city of Rio de Janeiro, RJ and by videoconference, with the following members in attendance: Daniel André Stieler ("DS") – Chair, Marcelo Gasparino da Silva – Vice-Chair ("MG"), André Viana Madeira ("AM"), Anelise Quintão Lara ("AL"), Fernando Jorge Buso Gomes ("FB"), Franklin Lee Feder ("FF"), Heloísa Belotti Bedicks ("HB"), Manuel Lino Silva de Sousa Oliveira ("OO"), Rachel de Oliveira Maia ("RM"), Reinaldo Duarte Castanheira Filho ("RC"), Shunji Komai ("SK") and Wilfred Theodoor Bruijn ("WB"). The meeting was secretariat by Luiz Gustavo Gouvêa, Corporate Governance Officer of Vale S.A. ("Vale"). Accordingly, the BoD deliberated on the following subject: "MERGER OF COMPANIES – BAOVALE AND CDA – With the favorable opinion of CARE, and without any reservations from the Fiscal Council (“CF”), as reported in its opinion, the BoD unanimously approved to submit to the next General Shareholders' Meeting, to be held on April 30, 2026, ("AG") (i) the proposed merger of the wholly-owned subsidiary Baovale Mineração S.A. ("Baovale") by Vale, without an increase in capital stock or issuance of new shares by Vale, including: (i.a) the ratification of the nomination of the independent auditor Macso Legate Auditores Independentes ("MLegate") to proceed with the valuation of Baovale's shareholders' equity, with the consequent preparation of the appraisal report and any other necessary documents; (i.b) the approval of Baovale's appraisal report prepared by MLegate; (i.c) approval of the Protocol and Justification for the Merger of Baovale by Vale; and (i.d) the authorization to the managers to carry out all acts necessary for the merger of Baovale by Vale; (ii) the proposed merger of the wholly-owned subsidiary CDA Logística S.A. ("CDA") by Vale, without an increase in capital stock or issuance of new shares by Vale, including: (ii.a) the ratification of the nomination of the independent auditor MLegate to proceed with the evaluation of CDA's shareholders' equity, with the consequent preparation of the appraisal report and any other necessary documents; (ii.b) the approval of the CDA appraisal report prepared by MLegate; (ii.c) the approval of the Protocol and Justification for the Merger of the CDA by Vale; and (i.d) the authorization of the managers to carry out all the acts necessary for the merger of the CDA by Vale; and (iii) the practice of all acts for the completion of the mergers, all under the proposed terms. (…)" I hereby attest that the items above reflect the decision taken by the Board of Directors. Rio de Janeiro, RJ, February 26, 2026. Luiz Gustavo Gouvêa Meeting Secretary

 

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Vale S.A. (Registrant)
	By:	/s/ Thiago Lofiego
Date: February 26, 2026		Director of Investor Relations