Each of the four groups owns 25 percent of EBX
and each will provide ad inventories from their VoD platforms, allowing it to be sold as one block to digital media buyers.
Group's flagship, oil company OGX, had successive bad results in oil exploration in Brazil and filed for bankruptcy protection in late 2013.
reticle's Christmas tree has bars becoming wider as one progresses down the hashmarks.
Mubadala, which also owns a stake in EBX
, and Trafigura had entered exclusive talks for the asset with Batista and the group's mining unit MMX MineracEuo e MetEilicos SA last month.
Under terms of the refinancing accord, EBX
repaid a "significant part of Mubadala's initial investment" and reworked contractual aspects, giving Mubadala an additional cushion on its investment in EBX
, the company, based in Rio de Janeiro, said.
Abu Dhabi state investment fund Mubadala said on Monday it will buy a $2 billion stake in Brazil's EBX
Group, providing fresh capital to the Brazilian conglomerate as it boosts spending on oil, ports, shipyards, mines and electricity.
Abu Dhabi-based Mubadala Development will invest $2 billion in the Brazilian business group EBX
founded by Eike Batista as part of a strategic partnership.
TELECOMWORLDWIRE-March 4, 2011-Orchestra Networks' EBX
implemented by Bollore Africa(C)1994-2011 M2 COMMUNICATIONS http://www.
BR), its sister company within Batista's EBX
mining, ports and energy group.
The company wrote down the value of the floating production, storage and offloading (FPSO) vessel Nexus 1 by USD154m, in accordance with the contract to sell it to Centennial Asset Ltd, a subsidiary of Brazilian EBX
Cuando fundo el Grupo EBX
en 1980, Eike Fuhrken Batista era apenas un joven de 23 anos recien egresado de Ingenieria Metalurgica, movido por la ambicion de enriquecerse.
Bolivian President Evo Morales recently ordered EBX
, a Brazilian energy and natural resources company working on the border of Bolivia and Brazil, to leave Bolivia over allegations that the company failed to comply with environmental regulations.