Arab Today, arab today qatar in talks to buy batista’s aux stake
Last Updated : GMT 12:34:44
Arab Today, arab today
Arab Today, arab today

Qatar in talks to buy Batista’s AUX stake

Arab Today, arab today

Arab Today, arab today Qatar in talks to buy Batista’s AUX stake

Doha - Arabstoday

Qatar Holding, the investment arm of the state’s sovereign fund, is in advanced talks to buy a 49% stake in Brazilian billionaire Eike Batista’s gold company AUX for about $2bn, three banking sources said. Batista, Brazil’s richest man, said in June that he expected to sell the AUX stake, which owns gold mining rights in Colombia, for about $2bn by September. The gold firm, created in 2010, is part of Batista’s EBX holding company. 

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