Friday 9 January 2015

Mubadala takes control of Maracana stadium manager IMX | The National

Mubadala takes control of Maracana stadium manager IMX | The National:



"Abu Dhabi strategic investor Mubadala Development has taken control of the firm that manages Rio’s iconic Maracana stadium, the venue for last year’s World Cup final.



According to an emailed statement seen by Bloomberg News, Mubadala has acquired a stake in IMX from the former Brazilian billionaire Eike Batista’s EBX Group making it the majority shareholder in South America’s largest sports and entertainment management company.



IMX was a joint venture between EBX and IMG Worldwide, the talent agency in which Mubadala is already minority shareholder. IMG, based in New York, also manages fashion and sports events such as Wimbledon, as well as the capital’s Abu Dhabi HSBC Golf Championship and Mubadala World Tennis Championship."



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