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FINANCIAL NEWS
Mubadala needs assets partners in the Brazilian tycoon Eike Batista
15 Aug 2013
(MENAFN) The Abu Dhabi sovereign wealth fund, Mubadala Development Company, is interested in partners to buy assets in a Brazilian energy and logistics conglomerate group, Eike Batista, according to Gulf Daily News.
Mubadala can pay USD1 billion to own stakes in OGX, MMX and LLX Logistica SA’s Porto.
Mubadala commented: “The agreement we signed in July with EBX gives Mubadala improved protection for the remaining portion of its investment against certain assets.”
“Many EBX assets have significant potential value for Mubadala and other investors,” Mubadala added.
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