Mubadala and Trafigura Win Sudeste Port Sale
The Eike Batista saga continues. Abu Dhabi-based Mubadala Development Co. invested in Batista’s commodity empire. The Gulf sovereign wealth fund has partnered with Amsterdam-based commodities trader Trafigura Beheer BV to buy a majority stake in a company that owns a major Brazilian iron-ore port. The two investors won over Glencore Xstrata Plc in the port deal. In August 2013, Brazilian steel producer Gerdau S.A. stated they were not interested in the Sudeste Superport.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]Tweet
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