October 31, 2019 / 9:05 PM / 11 days ago

Brazilian holding company Bradespar suspends payment to shareholders -filing

SAO PAULO, Oct 31 (Reuters) - Brazilian holding company Bradespar SA said on Thursday in a securities filing it is suspending the first expected dividend payment to shareholders.

Bradespar, owned by Banco Bradesco SA, holds the stake owned by the bank in miner Vale SA, that has suspended dividend payments since the dam burst that killed around 300 people in the Brazilian city of Brumadinho. (Reporting by Tatiana Bautzer Editing by Chris Reese)

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