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FINANCIAL NEWS
Qatar Holding rejects reports over Batista’s AUX stake talks
26 Sep 2012
(MENAFN) Qatar Holding, part of Qatar Investment Authority, rejected reports that it was negotiating to buy a minority stake in Brazilian billionaire Eike Batista’s gold company AUX, Reuters reported.
Previously three banking sources were quoted as saying that Qatar Holding was in advanced talks to buy a 49-percent stake in AUX for about USD2 billion.
One of the sources claimed that the Gulf investment vehicle might seal a deal this month.
Batista, Brazil’s richest man, said in June that he expected to sell the AUX stake, which owns gold mining rights in Colombia, for about USD2 billion by September.
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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