14.08.2013 - Just like that, Abu Dhabi could pick up Eike Batista's Brazilian empire for a song
Mubadala Development Corporation, Abu Dhabi's sovereign wealth fund, is in talks to buy up $1 billion worth of assets from former Brazilian billionaire Eike Batista's commodities and logistics empire, Bloomberg reports. Batista took a $2 billion loan from the fund back in March of 2012 in exchange for 5.63 percent preferred equity interest in EBX — Batista's holding company. At that time, EBX, which houses six companies under its umbrella, was valued at $35.5 billion...............................................Full Article: Source
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