Sat, Apr 30, 2016
A A A
Welcome tstroemlev
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Mubadala cuts exposure to Brazil’s Eike Batista to around $1.5 bln

Posted on 11 July 2013

Abu Dhabi’s Mubadala Development Company has lowered its exposure to Brazilian tycoon Eike Batista, who has been plunged into financial crisis amid production problems at his flagship oil company.
On Wednesday, Mr. Batista’s EBX group said it has repaid some of the $2 billion investment made by Mubadala, the Abu Dhabi state investment fund, announced in March 2012. It has also revised the terms of the remaining loans, providing some relief for the businessman, who is battling to fend off creditors amid a loss of credibility in the group………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 18476 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
April 2016
M T W T F S S
« Mar    
 123
45678910
11121314151617
18192021222324
252627282930