| Billionaire Eike Batista, Brazil’s richest man, is selling a 49 percent stake in his AUX gold business to Qatar Investment Fund Plc (QIF) for about $2 billion, according to a person with knowledge of the transaction.
“Sovereign wealth funds are interested in investing in real assets” such as gold, the 55-year-old mining and energy magnate, whose investments range from iron ore to coal, told reporters on Feb. 15. AUX paid C$1.08 billion ($1.05 billion) last year to buy Ventana Gold Corp...............................................Full Article: Source
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