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Sovereign Wealth Funds Briefing - Categorized | Investment

Abu Dhabi fund buys 5.6 pct of Brazil’s EBX

Posted on 27 March 2012

Mubadala Development Co., the Abu Dhabi investment firm with stakes in General Electric Co. and the Carlyle Group, agreed Monday to pump $2 billion into Brazil’s EBX Group, looking to tap into the growing South American market.
The funds will buy Mubadala a 5.63 percent stake in the Brazilian conglomerate, including an indirect interest in its various subsidiaries, the companies said in a joint statement announcing the deal. EBX has interests in a range of industries, including mining, energy and power generation………………………………………..Full Article: Source


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