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Sovereign Wealth Funds Briefing - Categorized | Financials

Mubadala says Eike Batista repaying remainder of loan until 2017

Posted on 27 September 2013

Mubadala Development Co., an Abu Dhabi sovereign wealth fund, said the remainder of a $2 billion loan made to Eike Batista’s EBX Group Co. will be repaid over four years as he seeks to prevent his companies from collapse.
The unnamed “third party” will repay “progressively” until June 30 2017, according to the wealth fund’s first half report published today. A Mubadala official, who asked not to be identified, confirmed that the information in the financial statement related to Mubadala’s investment in EBX………………………………………..Full Article: Source


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