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Sovereign Wealth Funds Briefing - Categorized | Investment

Abu Dhabi SWF takes big first step into Brazil

Posted on 27 March 2012

Khaldoon Khalifa Al MubarakAbu Dhabi’s sovereign-wealth fund said it would invest $2 billion to buy into the sprawling business empire of Brazil’s richest man, Eike Batista, a move that could lead to further investments by the Gulf state in Brazil and Latin America.
The transaction “marks our first significant direct investment into one of the fastest-growing markets and is an important step in [the] development of strategic opportunities in Brazil and Latin America,” said Khaldoon Khalifa Al Mubarak, chief executive of Mubadala Development Corporation……………………………………….Full Article: Source


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