23 Jun 2012
(MENAFN) Eike Batista, Brazil’s richest man, was quoted as saying that it plans to sell a stake in his AUX gold business to Qatar Investment Fund (QIF), Bloomberg reported.
EBX Group Co, Batista’s Rio de Janeiro-based holding company, decided to sell a stake in AUX after cancelling plans to float the company in an IPO, Bloomberg said.
Earlier this month, it was reported that Abu Dhabi’s Mubadala Development Company is looking to increase its investments in Brazil, three months after a USD2 billion deal with Batista was signed.
The deal would be the latest overseas investment by Qatar after a buyout spree in Europe that ended by overtaking a luxury retail complex on Paris’s Champs-Elys�es boulevard earlier this month.
QIA previously bought a number of valuable assets in Europe including London department store Harrods for USD2.22bn in 2010and stakes in Royal Dutch Shell, LVMH Moet Hennessy Louis Vuitton, Tiffany & Co and Paris St Germain football team.
Bloomberg said Batista’s net worth has climbed 8.7 percent this year to USD24.5bn, making him the 13th richest person in the world.
08 Apr 2026
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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