Dubai – Mubasher: Brazilian antitrust authority known as (Kayed) said in a statement on its website yesterday that UAE’s Mubadala Development Company won unconditional approval to acquire a stake in Eike Batista's companies.
Mubadala will buy equity stake in OSX for building ships, CCX for coal, CIJH for hotels, Rex 4, and Rex Seoul for properties, according to the statement issued by the Brazilian authority,.
The Brazilian billionaire Eike Batista, the owner of Batista's companies, agreed to sell stakes in those companies last month to Mubadala.
