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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