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.
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more