Trafigura, Mubadala win control of port in US$996m deal

[SAO PAULO] Brazilian businessman Eike Batista ceded control of an iron ore port to Dutch energy firm Trafigura Beheer BV and an Abu Dhabi sovereign wealth fund in a US$996 million deal that takes debt off his hands and secures new investment for the port.

The former billionaire's latest effort to stave off the collapse of his once high-flying Grupo EBX conglomerate follows the sale of other key assets and comes amid talks with creditors of OGX Petróleo e Gas Participações SA. The oil producer...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to