Billionaire Eike Batista, Brazil’s richest man, is selling a 49 percent stake in his AUX gold business to Qatar Investment Fund Plc (QIF) for about $2 billion, according to a person with knowledge of the transaction.
EBX Group Co., Batista’s Rio de Janeiro-based holding company, decided to sell a stake in AUX after shelving plans to take the company public. AUX mines for gold in Colombia. Batista told reporters yesterday in Rio that he had sold an AUX stake without disclosing the buyer or the price.
An EBX official in Rio declined to comment. Calls before business hours to a London-based public relations firm representing the Qatar fund referred to two emergency telephone numbers that no one answered.
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