Mubadala opens Brazilian office after inheriting assets | The National:
"Mubadala, the Abu Dhabi government investment company, has opened an office in Brazil after successfully securing assets from the crumbling empire of the country’s former billionaire Eike Batista.
The Abu Dhabi Fund had invested $2 billion in Mr Batista’s EBX Group in 2012, but the deal took a turn for the worse when the flamboyant businessman’s newly minted commodities interests failed to meet production targets amid collapsing commodity prices that quickly plunged Brazil into a recession.
The deal, however, came with guarantees that allowed Mubadala to recoup or buy salvageable assets if the agreement fell to pieces, as it did."
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