Mubadala fund in talks to buy renewable energy arm of Brazil's Queiroz Galvao Participacoes for cUSD1.2bn
UAE’s sovereign wealth fund Mubadala Development Fund is in final talks to buy Queiroz Galvao Energia, the renewable energy arm of Brazil’s Queiroz Galvao Participacoes, Brazilian newspaper Valor Economico reported on Tuesday. Citing sources close to the deal, Valor said the purchase would be valued at cBRL4bn (USD1.2bn). Mubadala has partnered with Castlerock Asset Management, the report added.
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