FINANCIAL NEWS

Abu Dhabi fund commits to Brazilian investments

19 Mar 2016

(MENAFN) Abu Dhabi fund ‘Mubadala’ Development signaled that it was committed to investments in Brazil despite political protests and economic crisis.

Moreover, the firm opened an office in Rio de Janeiro to organize and increase its Brazilian assets after restructuring a USD 2bn investment.

The Abu Dhabi fund received USD 300mn in cash plus equity stakes in former EBX firms and other international assets.

“Our objective is to maximize the value of the assets we have acquired through the restructuring process,” said Mubadala’s chief officer.

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