Qatar Holding, the investment arm of the Gulf state's sovereign fund, denied on Wednesday that it was in talks to buy a minority stake in Brazilian billionaire Eike Batista's gold company AUX.
"Qatar Holding wishes to make clear that it is not, and has never been, involved in discussions regarding such an
acquisition. There is therefore no foundation, past or present, to such speculation," the investment firm said in a statement.
Earlier this week Reuters quoted three banking sources as saying Qatar Holding was in advanced talks to buy a 49-percent stake in AUX for about $2 billion.
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