Friday, 28 February 2014

Mubadala signs $971m deal with Brazil's Trafigura Group for Porto Sudeste iron ore port | The National

Mubadala signs $971m deal with Brazil's Trafigura Group for Porto Sudeste iron ore port | The National:



"Mubadala and Trafigura Group have completed their acquisition of a controlling stake in a Brazilian iron ore port terminal from MMX Mineração e Metálicos, in a deal worth approximately US$971 million.



Mubadala, the strategic investment company of the Abu Dhabi Government and Trafigura, the world’s second-largest metal trader, announced a deal to acquire a 65 per cent stake in Porto Sudeste from MMX in October, after signing a memorandum of understanding to that effect in September.



The deal involved Mubadala and Trafigura (through its Impala subsidiary) paying $400m for the shares in Porto Sudeste, a major iron-ore port terminal located in Itaguai, Rio de Janeiro state."



'via Blog this'

No comments:

Post a Comment