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FINANCIAL NEWS
Abu Dhabi’s Mubadala inks USD2b Brazilian investment deal
27 Mar 2012
(MENAFN) Mubadala Development Company’s CEO and Managing Director, Khaldoon Khalifa Al Mubarak, said that the firm inked a deal to invest USD2 billion in Brazil’s EBX Group, reported Emirates 24/7.
Al Mubarak added that under the agreement, the Abu Dhabi-based company would acquire a 5.63 percent preferred equity interest in Centennial Asset Brazilian Equity Fund and other offshore holding firms.
He also said that the transaction represents Mubadala’s first significant direct investment into Brazil and is an important step in the firm’s development of strategic opportunities in Latin America.
It is worth noting that the investment in EBX Group would also give Mubadala an indirect interest in the company’s both publicly listed holdings, OGX, OSX, MMX, LLX, MPX and core privately-held assets such as AUX, REX and IMX.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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