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FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For January 03, 2002
Companhia Vale do Rio Doce
(Exact name of Registrant as specified in its charter)
Valley of the Doce River Company
(Translation of Registrant's name into English)
Federative Republic of Brazil
(Jurisdiction of incorporation or organization)
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Avenida Graca Aranha, No. 26
20005-900 Rio de Janeiro, RJ, Brazil
(Address of principal executive offices)
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[Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:]
FORM 20-F X FORM 40-F
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[Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to rule 12g3-2(b) under the Securities Exchange Act of
1934.]
YES NO X
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[If "Yes " is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b):] Not applicable
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Companhia Vale do Rio Doce
TABLE OF CONTENTS
This Form 6-K contains the following:
Item Page
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1. Notification of Public Order to Purchase Common and Preferred
Shares issued by Sibra - Eletrosiderurgica Brasileira S.A., a
publicly traded company, for the account and order of CVRD........ 3
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.
COMPANHIA VALE DO RIO DOCE
By: /s/ Eduardo de Carvalho Duarte
-----------------------------------
Name: Eduardo de Carvalho Duarte
Title: Chief Accountant
Dated: January 03, 2002
Item 1
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Vale do Rio doce
NOTIFICATION OF PUBLIC OFFER TO PURCHASE COMMON AND
PREFERRED SHARES ISSUED BY SIBRA -
ELETROSIDERURGICA BRASILEIRA S.A.
A Publicly Traded Company
For the account and order of
COMPANHIA VALE DO RIO DOCE
Bradesco S.A. Corretora de Titulos e Valores Mobiliarios (the "Intermediary")
and Banco Bradesco S.A. (the "Adviser") by the order and for the account of
Companhia Vale do Rio Doce ("Offering Company") are publicly addressing to the
holders (the "Shareholders") of Common and Preferred Shares (the "Shares")
issued by Sibra - Eletrosiderurgica Brasileira S.A. (the "Issuing Company"),
and circulating in the market, this Public Offer for the Purchase of Shares
(the "Offer") with a view to cancelling its registration as a listed Company
under article 21 of Law No 685/76, in accordance with the provisions of CVM
Instructions No 229/1995 and 345/2000 and the conditions set out below.
1. The Public Offer
1.1. As resolved at the Extraordinary General Meeting of the Issuing Company,
held on August 28,2001, the Offering Company is willing to acquire through the
Intermediary, all the Shares of the Issuing Company in circulation in the
market at this date with all their rights. The distributions declared up to the
day prior to the date on which the auction (the "Auction") for this Public
Offer is actually held will belong to the Shareholders. On August 28, 2001
there were outstanding 697,993 (six hundred and ninety seven thousand nine
hundred and ninety-three) shares, comprising 7,923 (seven thousand nine hundred
twenty three) common shares, 1 (one) class "A" preferred share, 284,786 (two
hundred and eighty-four thousand seven hundred and eighty-six) class "B"
preferred shares and 405,283 (four hundred and five thousand two hundred and
eighty-three) class "C" preferred shares ("Shares"), which represented
0.04%(zero point zero four per cent) of the voting capital, 3.52%(three point
five two per cent) of the preferred capital and 1.84% (one point eight four per
cent) of the total capital of the Issuing Company.
1.1.1. Shareholders representing over two-thirds of the capital were present at
the Extraordinary General Meeting, in accordance with the Shareholders'
Registry Book, thus proving that there was a quorum for the approval of the
resolution for the cancellation of the Issuing Company's registration as a
listed Company, with such resolution being approved by a majority of those
present: (i) Companhia Vale do Rio Doce (the Offering Company) voted in favor
and (ii) Marubeni Corporation abstained so that the minutes were registered in
accordance with article 130, ss. 1 of Law 6404/76.
1.2. The purchase price for the Shares is R$ 5.26 per share, representing a
premium of 10.0% over the weighted average price for the last 60 (sixty)
Bovespa trading sessions (the period from 05.10.2001 to 08.03.2001) calculated
retroactively from the base Date of August 3, 2001. When the offer price is
compared with the weighted average calculated for the last 15 (fifteen) trading
sessions (the period from 07.16.2001 to 08.03.2001), 30 (thirty) trading
sessions (the period from 06.22.2001 to 08.03.2001) and 45 (forty five) trading
sessions (the period from 05.31.2001 to 08.03.2001) calculated retroactively
from the base date of August 03, 2001, the premium is respectively 29.2%, 17.9%
and 12.6%. Furthermore, when compared with the Company's asset value per share
at June 30, 2001 (R$ 4.10), it represents a premium of 28.3%. Payment will be at
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Vale do Rio doce
sight in current Brazilian currency, restated in accordance with the
variation in the Reference Rate Index ("TR"), calculated pro rata die from
August 28, 2001 to the date of the Auction's financial settlement (defined
below).
1.2.1. The Intermediary will advise the final price per share as soon as the
restatement index is available. When the TR is unknown, the average of the last
12 (twelve) months for which data is available will be used. If the TR is
discontinued or its index is not published for over 30 (thirty) days as a
result of the issue of legislative or regulatory orders so that it cannot be
used for the restatement of the amount, the index fixed by the Federal
Government to take the place of the TR will be used from the date on which the
TR is discontinued or the date from which its use is prohibited.
1.3. This Offer is irrevocable, and subject to the requirements for the
cancellation of the registration in accordance with the provisions of CVM
Normative Ruling numbers 229/1995 and 345/2000 being satisfied. The Offering
Company declares that it will not make use of its option to acquire up to
one-third of the shares circulating in the market in the event that there is
not sufficient acceptance or consent for the intended cancellation of the
registration.
1.4. This Offer is valid for 30 (thirty) days from the date of the second
publication of this document, in other words beginning on 01/09/2002 and
terminating on 02/08/2002, this being the period for registration for the sale
of the shares. Shareholders who agree to sell their shares in accordance with
the terms and conditions of this Offer, should register personally or through
attorneys-in-fact duly appointed, with Bradesco S.A. Corretora de Titulos e
Valores Mobiliarios, with head office at Av. Ipiranga, 282, 11(0) floor, city
of Sao Paulo, State of Sao Paulo, or with any other brokerage firm freely
chosen by them. Brokerage firms representing selling shareholders should follow
the provisions of item 1.7.
1.4.1. Shareholders interested in selling their shares may also appear at any
branch of Banco Bradesco S.A., bringing the following documents: Individual --
authenticated copy of the Shareholder's Identity Document, Taxpayer Enrollment
Card (CPF) and proof of residence; Legal Entity -- authenticated copy of the
company's corporate documents, National Registry of Legal Entities card (CNPJ),
documentation granting powers of representation, Identity Document and Taxpayer
Enrollment Card (CPF) of the company's representatives.
1.5. The transaction will be carried out by means of an Auction, to be held at
the trading session of the Sao Paulo Stock Exchange -- BOVESPA on 02/15/2002,
at 1:30 PM ("Auction").
1.6. The Shares offered for sale must be free and unencumbered from any type of
charge or encumbrance.
1.7. On the date on which the Auction is held, brokerage firms representing the
selling shareholders should deliver firm and irrevocable sale offers by 12:00
PM directly to the Director of the BOVESPA Trading Session, or register their
firm offer on the MEGA BOLSA system using code SIBR3L for common shares and
SIBR5L, SIBR6L and SIBR7L for preferred shares.
1.8. No cancellation or alteration of any sale offer will be allowed after
12:00 PM on the date on which the Auction is held.
1.9. Brokerage firms representing third party buyers will be allowed to
participate freely in the Auction provided their offer is for all the Shares
offered for sale, as the Offer is intended for the purpose of cancelling the
Issuing Company's registration as a listed company.
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Vale do Rio doce
1.9.1. In the event of participation by brokerage firms representing third
party buyers, such third parties will be subject to the provisions of article
20 of CVM Instruction No 229/95, in accordance with item 6.1 of this
Prospectus.
1.10. Settlement will be made in accordance with the regulations of the
Brazilian Settlement and Custody Company -- CBLC, with brokerage and selling
fees for the account of the sellers and brokerage and purchasing fees for the
account of the purchaser.
1.11. The brokerage firm engaged to carry out the purchase of the Shares, for
the account and order of the Offering Company, will be Bradesco S.A. Corretora
de Titulos e Valores Mobiliarios, with head office at Av. Ipiranga, 282 - 11(0)
floor, in the city of Sao Paulo, State of Sao Paulo, registered in the National
Registry of Legal Entities (CNPJ/MF) under No 61.855.045/0001-32.
2. Details of Offering Company
2.1. The Offering Company is a Brazilian open capital Company, with shares
listed for stock exchange share trading. Its head office is located at Avenida
Graca Aranha, n(0) 26, Castelo, Rio de Janeiro, State of Rio de Janeiro, and it
is registered in the CNPJ/MF under n.(0) 33.592.510/0001-54. Its main lines of
business are mining iron ore, manganese and some non-ferrous minerals, and it
is also active in transportation logistics (mainly railway, shipping and port
operation), aluminum and energy.
2.2. The Offering Company is the Company which controls the Issuing Company,
whose shareholding breakdown is given in item 3.4 below, and also indirectly
controls Companhia Paulista de Ferro Ligas ("CPFL"), a listed company,
registered in the CNPJ/MF under n(0) 57.487.142/0001-42, through the Issuing
Company which holds 93.59% of CPFL's total capital. The Offering Company has
made a registered delivery to the CVM of a request for cancellation of CPFL's
registration as a listed Company.
3. Information on Issuer
3.1. The Issuer is a Brazilian open corporation, listed for stock exchange
share trading, and headquartered at Rodovia BR 324, Km 24, Centro Industrial de
Aratu, Simoes Filho, State of Bahia, registered in the corporate taxpayers roll
under CNPJ/MF no. 15.144.306/0001-99.
3.2. The stated purpose of the Issuer is steel making, metallurgy, and
ferro-alloy manufacturing and trading; exploring on its own account or in
partnership with other firms, ore deposits, including research, mining,
processing, transportation, trade, import and export of mineral substances;
reforestation, extraction, production, trade, import and export of timber and
charcoal and other goods of a mineral or vegetable origin that can be used in
its productive processes and byproducts and subproducts; import and export
trade of related goods or those required for its operations, including
equipment, feedstock and other material; any other related activities that do
not clash with its purpose or prevailing laws.
3.3. Paid-up capital stock is R$ 808.815.327,77 (eight hundred and eight
million, eight hundred and fifteen thousand, three hundred and twenty-seven
reais and seventy-seven cents) represented by 37,903,437 (thirty seven million,
nine hundred and three thousand, four hundred and thirty-seven) shares, all
book entry shares with face value, 18,283,557 (eighteen million, two hundred
and eighty three thousand, five hundred and fifty-seven) of which are
non-convertible common shares, 64 (sixty-four) Class A preferred shares,
386,955 (three hundred and eighty-six thousand, nine hundred and fifty-five)
class B preferred shares, 19,232,861 (nineteen million, two hundred and
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thirty-two thousand, eight hundred and sixty-one) class C preferred shares, all
indivisible before the company.
3.4. Share composition of the Issuer's capital stock on August 28, 2001:
Sibra - Eletrosiderurgica Brasileira S.A. - Shareholder Structure
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Shareholder Common Preferred TOTAL
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Quantity % Quantity % Quantity %
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Holding
Companhia Vale do Rio Doce 18,275,626 99.96% 18,929,658 96.48% 37,205,284 98.16%
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Mozart Kraemer Litwinski 1 0.00% -------- ------ 1 0.00%
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Otto de Souza Marques Junior 1 0.00% -------- ------ 1 0,.00%
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Marconi Tarbes Vianna 1 0.00% -------- ------ 1 0.00%
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Held by public 7,923 0.04% 690,070 3.52% 697,993 1.84%
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Treasury stock 5 0.00% 152 0.00% 157 0.00%
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Total 18,283,557 100.00% 19,619,880 100.00% 37,903,437 100.00%
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Sibra - Eletrosiderurgica Brasileira S.A. - Shareholder Structure - Preferred Shares
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Shareholder Class "A" Class "B" Class "C"
Preferred Preferred Preferred
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Quantity % Quantity % Quantity %
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Holding
Companhia Vale do Rio Doce 61 95.31% 102,145 26.40% 18,827,452 97.89%
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Held by public 1 1.56% 284,786 73.60% 405,283 2.11%
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Treasury stock 2 3.13% 24 0.01% 126 0.00%
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Total 64 100.00% 386,955 100.00% 19,232,861 100.00%
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3.5. Rights of Shares Object of the Buyback:
3.5.1. Each common share has one vote in the decisions of the Shareholders
Meeting.
3.5.2. Class A and B preferred shares will have priority in the distribution of
annual minimum dividends of 6% (six percent) calculated on the amount of its
holding in the paid-up capital of the Issuer, and holding in the same
conditions as the common shares in the remaining profits, after paying to the
latter a minimum dividend of 6% (six percent) on the value of the paid-up
capital stock of the company. Should the dividend to which they are entitled
fail to be paid for three years running, the class A and B preferred shares
will be entitled to a vote, pursuant to Art. 6, paragraph 7 of the Issuer's
Company Bylaws. Pursuant to art. 35 of the Company Bylaws, 25% (twenty-five
percent) of the net income for each financial year will be allocated to pay the
mandatory shareholders' dividend, calculated as stated in law 6404/76, the
minimum dividend being 6% (six percent) on the paid-up capital guaranteed to
the class A and B preferred shares.
3.5.3. Class C preferred shares will not have voting power and will not be
entitled to preferred in subscribing a capital increase, pursuant to Art. 6,
paragraph 2 of the Company Bylaws.
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Vale do Rio doce
3.5.4. Bearing in mind that the Issuer, due
to the absence of profits, has ceased to pay dividends for the last three
financial years, class A and B preferred shares have acquired a voting right.
3.6. Issuer's economic-financial indicators:
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12/31/98 12/31/99 12/31/00 06/30/2001
Indicator ----------------------------------------------------------------------
(12 month (12 month (12 month (6 month
result) result) result) result)
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Paid-up capital stock (R$'000) 270,440 365,428 808,424 808,815
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Equity (R$'000) (127,623) (281,158) 141,019 155,511
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Net revenues (R$'000) 66,969 61,096 100,429 103,141
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Operating profit (loss) (R$'000) (117,531) (91,153) (20,819) 14,099
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Net Income (Loss) (R$'000) (193,177) (248,523) (20,819) 14,099
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Total liabilities (R$'000) 336,762 459,477 196,462 236,076
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No. Of shares ('000) 787,278 10,286,243 37,861 37,903
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Net income per share (R$)* (0.24) (0.02) (0.55) 0.37
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Net worth per share (R$)* (0.16) (0.03) 3.72 4.10
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Net income./Cap. Stock (%) -71% -68% -3% 2%
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Net income/Equity (%) 151% 88% -15% 9%
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Net income/Net revenue (%) -288% -407% -21% 14%
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Total liabilities/Net worth (%) -264% -163% 139% 152%
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* 1998 and 1999: R$/'000 shares
3.7. The following table shows the Issuer's share trading record over the last
12 (twelve) months:
3.7.1. Sao Paulo Stock Exchange - BOVESPA
Common shares (ON): No trading on BOVESPA.
Preferred shares (PNC and PNB).
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Min. Average Max. Updated
Price Price Price Average
Month Specification No. Volume R$/1000 R$/1000 R$/1000 Price
traded Quantity R$ shares shares shares (TR*)
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Aug/00 PNB 1 1 10.20 10.20 10.20 10.20 10.47
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Aug/00 PNC 246 27,329 288,606.91 7.40 10.56 15.00 10.84
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Sept/00 PNC 107 6,678 62,101.87 8.00 9.29 15.00 9.50
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Oct/00 PNC 60 6,401 57,393.07 8.00 8.96 10.00 9.15
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Oct/00 PNC ES* 35 2,104 17,420.35 8.00 8.27 9.00 8.44
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Nov/00 PNC 83 9,100 79,851.83 8.01 8.74 10.00 8.91
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Dec/00 PNC 35 3,255 25,776.78 7.60 7.91 8.10 8.06
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Dec/00 PNC ES* 16 1,229 10,104.90 7.56 8.22 9.30 8.37
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Jan/01 PNC ES* 59 13,200 114,658.00 8.10 8.68 9.00 8.82
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Feb/01 PNC 61 11,700 104,601.00 8.05 8.94 10.30 9.09
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Mar/01 PNC 66 10,500 80,939.00 7.02 7.70 8.90 7.82
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Apr/01 PNC 39 6,200 41,766.00 6.20 6.73 7.03 6.82
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Min. Average Max. Updated
Price Price Price Average
Month Specification No. Volume R$/1000 R$/1000 R$/1000 Price
traded Quantity R$ shares shares shares (TR*)
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May/01 PNC 27 4,500 26,019.00 5.41 5.78 6.21 5.84
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Jun/01 PNC 28 7,700 42,692.00 5.10 5.54 5.80 5.60
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Jul/01 PNC 27 12,800 53,279.00 4.00 4.16 4.79 4.19
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Aug/01 PNC 10 1,600 6,159.00 3.80 3.84 4.00 3.86
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(*) Ex subscription
No trading during September and October 2001.
Source: Economatica
3.8. The interested parties may obtain further information on the Issuer and
the Offer herein. including a copy of the price appraisal. from the addresses
given in item 7.4 herein below.
4. Reasons for Offer and Cancellation of Listing
4.1. During the Shareholders Meeting the shareholders representing 98.16%
(ninety-eight point sixteen percent) of the Issuer's capital stock approved the
cancellation of its public listing for the following reasons: (i) the benefits
of keeping the company in the public listing of stock exchanges do not justify
the costs borne by the Issuer; (ii) there is no interest in using a stock or
debenture market via a public offer to raise funds; and. (iii) raising funds
through electricity-intensive firms. as in the case of Sibra. has been hindered
by the energy crisis.
4.2. The Offerer states that. pursuant to article 17 of CVM (SEC) Instruction
no. 229/1995. with the text amended in CVM Instruction no. 345/2000. if the
Issuer's listing has not been cancelled due to its failure to meet the
requirements stated in items II and III of article 1 of the CVM Instruction no.
229/1995 and its amendments pursuant to CVM Instruction no. 345/2000. it will
not hold a new public offer for two years from the date of the publication of
the result hereof.
4.3. The Offerer states that there are no plans to transfer the Issuer's
control.
5. Declaration regarding Cancellation of the Issuer's Public Listing
5.1. THE SHAREHOLDERS WHO AGREE TO SELL THEIR SHARES WILL AUTOMATICALLY BE
AGREEING WITH THE CANCELLATION OF THE ISSUER'S PUBLIC LISTING. AND MUST PROCEED
AS STIPULATED IN ITEM 1.4 HEREIN ABOVE. NO FURTHER PROCEDURE BEING REQUIRED.
5.2. The shareholders who do not wish to sell their shares. are invited to
declare that they agree or do not agree to the cancellation of the Issuer's
public listing. pursuant to article 11 of CVM Instruction no. 229/95. Without
detriment to the provision in item 5.1 herein above. the shareholders who wish
to make the declaration shall complete four copies of the relevant form
agreeing or otherwise to the aforementioned cancellation. Those who make their
declaration will not offer their shares for trading until the day after the
Auction. The declaration form may be collected from Bradesco S.A. Corretora de
Titulos e Valores Mobiliarios. Av. Ipiranga. 282 - 11(0)andar. in the city and
state of Sao Paulo. postal code 01046-920 or by fax (+55 11) 3255.3616. or from
the Issuer's registered office. The form shall be fully completed and signed
with the notarized signature of the respective shareholder or duly authorized
attorney. After the form has been fully completed it should be delivered no
later than 6:00 p.m. on 02/08/2002 to Bradesco S.A. Corretora de Titulos e
Valores Mobiliarios. at the aforementioned address or via the above fax. with
the signature notarized. or delivered to the Issuer's registered office at
Rodovia BR 324. Km 24. Centro Industrial de Aratu. Simoes Filho county. Bahia.
or by fax (+55 71) 396.8349. It may be sent by registered mail to the address
of Bradesco S.A. Corretora de Titulos e Valores Mobiliarios. with the following
words written on the envelope: "Oferta Publica de Compra de Acoes Ordinarias e
de Acoes Preferenciais de Emissao da Sibra - Eletrosiderurgica Brasileira S.A."
[Public Offer to
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Vale do Rio doce
Purchase Common Shares and Preferred Shares Issued by Sibra - Eletrosiderurgica
Brasileira S.A.]. Any declarations received after the due date and which do not
meet the requirements described herein above for whatever reason will be
discarded.
6. Disposal of Shares after Cancellation of the Issuer's Listing
6.1. After the dates of the Offer herein and should the Issuer's public
listing be cancelled. pursuant to article 20 of CVM Instruction no. 229/95 and
amendments in CVM Instruction no. 345/2000. the Offerer pledges to acquire. in
the conditions stipulated herein. the Shares offered by the shareholders who do
not accept this Offer. within six months from the date of the Shareholders
Meeting which approves the Financial Statements for the first financial year
after the aforementioned cancellation. The Share acquisition price during this
period will be as stated in item 1.2 herein above. adjusted by the TR of the
date of financial settlement of the Offer herein. by the date of the actual
payment. Should the TR be unknown. the average of the last known 12 (twelve)
months will be adopted for the corresponding period. The deadline for paying
for the Shares in such conditions will be no later than 15 (fifteen) days
running. The shareholder who is interested in making the aforementioned option
may do so before the Issuer or Intermediary.
6.1.1. The interfering buyer will be liable for all obligations provided in
Art. 20 of CVM Instruction no. 229/95;
6.1.2. Monetary restatement will be made using the TR. pursuant to the
procedure stated in item 1.2.1 herein above.
6.2. Pursuant to art. 10. item IX. of CVM Instruction no. 229/95 and
amendments in CVM Instruction no. 345/2000. should the Issuer's shareholding
control be disposed of within a two-year period after the financial settlement
of the Offer herein. any positive difference. if any. between the Issuer's
control disposal value and price paid to the shareholders remaining from this
Offer. will be paid to the shareholders who accept the present Offer and
corrected monetarily using the TR.
7. Further Information
7.1. The Offerer and Intermediary state that they do not have any relevant
information on the Issuer that is not of public knowledge.
7.2. The Intermediary. Advisor and their related companies state that they do
not hold nor have under
their administration securities issued by the Issuer.
7.3. On 10/18/2000. through an Extraordinary Shareholders Meeting. it was
decided to increase the Issuer's capital stock by a sum of R$ 151,361,841.34
(one hundred and fifty-one million. three hundred and sixty-one thousand. eight
hundred and forty-one reais and thirty-four cents). representing approximately
24% (twenty-four percent) of the increase in capital stock. by private share
subscription. The Issuer's capital stock. therefore. increased from R$
625,284,206.99 (six hundred and twenty-five million. two hundred and
eighty-four thousand. two hundred and six reais and ninety-nine cents) to R$
776,646,048.33 (seven hundred and seventy-six million. six hundred and
forty-six thousand. forty-eight reais and thirty-three cents). by issuing
7,454,281 (seven million. four hundred and fifty-four thousand. two hundred and
eighty-one) common shares and 7,841,316 (seven million. eight hundred and
forty-one thousand. three hundred and sixteen) class C preferred shares. at the
issue price of R$ 9.90 (nine reais and ninety cents) per share. This price has
been based solely on the quotation of the average class C preferred shares (the
only ones being traded on the market) in BOVESPA during the 90 (ninety) days
prior to the date of the aforementioned increase in capital stock. since at
that time the company structure would lead to a
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Vale do Rio doce
negative appraisal of its economic value and it would not be possible to fix by
paying up immediately in pre-existing credits against the company. as stated by
law and the Company Bylaws.
7.4. A copy of the share price appraisal is available to the minority
shareholders at the Issuer's registered office. the Intermediary's office and
at CVM. containing the three price parameters for comparison in relation to the
price offered. as follows: (i) Share equity value at R$ 4.10 (four reais and
ten cents) on 06.30.2001. (ii) economic value R$ 2.79 (two reais and
seventy-nine cents). (iii) Market value referring to the 60, 45, 30 and 15
Bovespa floors. prior to the date of 08.03.2001. corresponding to the prices of
R$ 4.78 (four reais and seventy-eight cents). R$ 4.67 (four reais and
sixty-seven cents). R$ 4.46 (four reais and forty-six cents) and R$ 4.07 (four
reais and seven cents) respectively. as well as the other documents referring
to the cancellation of the listing. The respective addresses are as follows:
Issuer: Sibra - Eletrosiderurgica Brasileira S.A.. Rodovia BR 324. Km 24.
Centro Industrial de Aratu. Simoes Filho county. Bahia. phone (+55 71) 396 8300
and fax (+55 71) 396 8349.
Offerer: Companhia Vale do Rio Doce. Av. Graca Aranha no. 26. Rio de Janeiro.
Estado do Rio de Janeiro. Intermediary: Bradesco S.A. Corretora de Titulos e
Valores Mobiliarios. Av. Ipiranga no. 282. 11o andar. Sao Paulo. SP - fax (+55
11) 2553616. ZIP code 01046-920.
CVM: Comissao de Valores Mobiliarios (Brazilian Securities and Exchange
Commission). Rua Sete de Setembro no. 111. 5(0)andar - "Centro de Consultas"
[inquiries] - Rio de Janeiro. RJ.
7.5. The operation herein was submitted to the Comissao de Valores Mobiliarios
- CVM (Brazilian Securities and Exchange Commission) beforehand and approved by
notice no. CVM/SRE/ GER-2/no. 1494 /2001. the Sao Paulo Stock Exchange
(BOVESPA) having authorized that the operation herein be conducted on its
public trading floor.
7.6. The Issuer's CVM listing as stated in art. 21 of Law no. 6385/76 is duly
updated.
Advisor:
BANCO BRADESCO S.A.
Intermediary:
BRADESCO S.A. CORRETORA DE TITULOS E VALORES MOBILIARIOS
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For further information. please contact:
Roberto Castello Branco: castello@cvrd.com.br +55-21-3814-4540
Andreia Reis: andreis@cvrd.com.br +55-21-3814-4643
Barbara Geluda: geluda@cvrd.com.br +55-21-3814-4557
Daniela Tinoco: daniela@cvrd.com.br +55-21-3814-4946
This release includes "forward-looking statements" that express expectations of
future events or results. All statements based on future expectations rather
than on historical facts are forward-looking statements that involve a number
of risks and uncertainties. and the company cannot give assurance that such
statements will prove to be correct.