Mubadala Invests in Major South American Sports and Entertainment Business
Abu Dhabi-based Mubadala Development Co. has acquired a significant stake in Rio de Janeiro-based IMX. IMX is the biggest sports and entertainment company in Brazil. The company manages Rio de Janeiro’s Maracanã stadium which was the venue that held last year’s World Cup final.
Mubadala acquired the stake in IMX from EBX Group. In 2012, Mubadala became a major investor in EBX Group, plunking down US$ 2 billion.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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