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FINANCIAL NEWS
UAE’s Mubadala to invest in Trafigura’s USD1.4b mines business
29 Jun 2015
(MENAFN) The United Arab Emirates investment company, Mubadala, is set to invest in Trafigura Spanish USD1.4 billion mines business, according to resources close to the deal, Reuters reported.
Trafigura has sold its share in three Spanish copper and zinc mines to Mubadala, which comes in part of the two companies cooperative efforts in setting up a JV to invest in base metals mining.
“This builds on our existing sector strategy and partnership with Mubadala. We are identifying new opportunities and investing thoughtfully together in ways that complement our existing portfolio,” Trafigura CEO said.
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