Arab Today, arab today abu dhabi’s mubadala strikes us2bn deal with brazilian tycoon
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

Abu Dhabi’s Mubadala strikes US$2bn deal with Brazilian tycoon

Arab Today, arab today

Arab Today, arab today Abu Dhabi’s Mubadala strikes US$2bn deal with Brazilian tycoon

Abu Dhabi - Arabstoday

Abu Dhabi’s Mubadala Development Company has struck a US$2bn deal with Brazilian tycoon Eike Batista, the world’s tenth richest man, to invest in his future investments and expansion plans, it was announced on Monday. The Abu Dhabi-backed investment and development company signed a partnership agreement with Batista, who is reportedly worth around US$30bn, to acquire 5.63 percent equity in a holding firm named Centennial Asset Brazilian Equity Fund. Under the agreement, Mubadala will benefit from Batista’s future investment opportunities, such as technology companies, cement, fertilisers, entertainment and others, as well as those through his Rio de Janeiro-based business conglomerate EBX Group. “This well-structured transaction marks our first significant direct investment into one of the fastest growing markets and is an important step in Mubadala’s development of strategic opportunities in Brazil and Latin America. We are confident that this partnership will pave the way for future collaboration,” said Khaldoon Khalifa Al Mubarak, Mubadala’s CEO and managing director. “We are delighted to welcome Mubadala to Brazil through this landmark transaction, Mubadala’s first significant direct investment into Brazil. This is the first time we have invited a strategic partner to invest at our holding company level. The investment considerably strengthens the entire group and its ability to successfully implement current and future projects,” Batista added. Batista, the world’s 10th richest man, is raising money to help him build his oil and mining business in Brazil and diversify from commodity companies. Mubadala owns stakes in companies from General Electric to the Carlyle Group.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today abu dhabi’s mubadala strikes us2bn deal with brazilian tycoon Arab Today, arab today abu dhabi’s mubadala strikes us2bn deal with brazilian tycoon

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today abu dhabi’s mubadala strikes us2bn deal with brazilian tycoon Arab Today, arab today abu dhabi’s mubadala strikes us2bn deal with brazilian tycoon

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday