Abu Dhabi Wealth Fund May Be Interested in Batista EBX Assets - Bloomberg:
"Mubadala Development Co., the Abu Dhabi sovereign wealth fund that restructured a $2 billion investment in Eike Batista’s EBX Group Co., may be interested in more of the billionaire’s businesses after their value slumped.
Many of the commodities holding company’s assets have significant value to a number of parties including Mubadala, according to an e-mailed response to questions today from a fund spokesman, who asked not to be identified citing company policy.
EBX agreed to redeem a “significant portion” of Mubadala’s initial investment this month and give “enhanced protection” to remaining funds. Batista’s six publicly traded companies have lost about $10 billion in market value this year as oil company OGX Petroleo & Gas Participacoes (OGXP3) SA missed output targets and abandoned fields previously declared commercial."
'via Blog this'
No comments:
Post a Comment