Banco Nacional do Desenvolvimento Economico e Social (BNDES).
BANCO NACIONAL DO DESENVOLVIMENTO ECONOMICO E SOCIAL (BNDES BNDES Banco Nacional de Desenvolvimento Econômico e Social (Brazilian Development Bank) BNDES Banco Nacional de Desenvolvimento Econômico e Social (Brasil) ), Brazil's development bank, paid US$520 million to acquire an 8.5% share in Valepar, the holding company of iron ore producer Companhia Vale do Rio Doce Summary Companhia Vale do Rio Doce (CVRD) is a global diversified mining company, the second largest mining company in the world, and the largest logistics operator in Brazil. (CVRD CVRD Companhia Vale do Rio Doce (Brazilian mining company) CVRD Cowichan Valley Regional District (Vacouver Island, British Columbia, Canada) CVRD Converter, Variable Resistance, to DC Voltage ), from Investvale, a group of CVRD employees. BNDES stake in Valepar will translate into a 2.86% share in CVRD.
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