Thursday, August 28, 2014

Abu Dhabi’s Mubadala to Get Stake in Batista Mines, Port

Batista will transfer 185.6 million shares of Prumo Logistica SA (PRML3), or a 10.44 percent stake valued at 193.1 million reais ($84.9 million) as of yesterday’s closing, to Mubadala in the third quarter, the port developer said today. He will also transfer 17.1 million shares of MMX Mineracao & Metalicos SA, or a 10.52 percent stake worth 24.4 million reais, the Rio de Janeiro-based iron-oreproducer said yesterday. The deals are subject to undisclosed conditions, both companies said, without elaborating.
http://www.bloomberg.com/news/2014-08-05/mubadala-to-get-11-stake-of-batista-s-mining-unit.html

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