Mubadala deal complete. Money in the bank? By Luciana Magalhaes
Of DOW JONES NEWSWIRES
SAO PAULO (Dow Jones)--Brazilian billionaire Eike Batista, founder of EBX holding, said Tuesday his company had completed a partnership with Abu-Dhabi based Mubadala Development Co.
As announced at the end of March, Mubadala invested $2 billion in the group in exchange for a preferential stake of 5.63% in Centennial Asset Brazil Equity Fund LLC--the fund through which Batista controls his companies--and in other offshore holdings belonging to Batista.
Mubadala was established in 2002 with a mandate to facilitate the diversification of Abu Dhabi's economy. Mubadala manages a multibillion-dollar portfolio of local, regional and international partnerships.
EBX is controlled by Batista, the richest man in Brazil.
https://online.wsj.com/article/BT-CO-20120424-719300.html