11.07.2013 - Mubadala cuts exposure to Brazilís Eike Batista to around $1.5 bln
Abu Dhabiís 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. Batistaís 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
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