GWY - AUX (Ventana) Abu Dhabi Investment Link: https://www.prnewswire.com/news-releases/mubadala-to-invest-2-billion-in-eike-batistas-ebx-group-as-part-of-strategic-partnership-144202355.html
Mubadala to Invest $2 Billion in Eike Batista's EBX Group as Part of Strategic Partnership
Mubadala's investment is structured as a preferred equity security that gives it, in addition to certain rights and protections consistent with a minority investment of this size, a 5.63% economic interest in EBX including an indirect interest in both its publicly listed holdings, OGX, OSX, MMX, LLX, MPX and core privately-held assets such as AUX, REX and IMX.
Mr. Batista, founder and controlling shareholder of EBX, said:
"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. mubadala, after conducting thorough due diligence of our companies recognizes the great potential of our latin american assets. we are very proud to welcome our new partner and believe that this transaction strengthens the relationship not only between our two groups, but also our two countries."