| The biggest investor in Brazilian businessman Eike Batista's holding company is still struggling to reduce its exposure to the troubled industrial group. Mubadala Development Co., Abu Dhabi's sovereign-wealth fund, on Monday confirmed that it continues to negotiate ways to reduce debt that it is owed by the Brazilian businessman, a process that started last year.
"Discussions are continuing," Brian Lott, the executive director of Group Communications at Mubadala, said in a telephone interview. "Mubadala continues to look for strategic assets and opportunities that align with our portfolio," he added without providing further details...............................................Full Article: Source
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