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Sovereign Wealth Funds Briefing - Categorized | Investment

Abu Dhabi’s Mubadala buys $2bln stake in empire of Brazil’s Batista

Posted on 28 March 2012

Mubadala Development Corp., the sovereign-wealth fund of Abu Dhabi’s government, is buying a $2 billion stake in the holdings of Brazilian magnate Eike Batista — a move that exposes the Gulf state to the South American country’s fast-growing economy.
The investment, Mubadala announced Tuesday, gives the company a 5.63 percent equity interest in Batista’s U.S.-based Centennial Asset Brazilian Equity Fund LLC, or Cabef, a holding company that’s commonly known as EBX Group………………………………………..Full Article: Source


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