Batista to Sell 49% AUX Stake to Qatar for $2 Billion, Veja Says

Brazilian billionaire Eike Batista will announce soon the sale of a 49 percent stake in his AUX gold business to a sovereign wealth fund in Qatar, Veja magazine reported today, without saying how it obtained the information.

Bloomberg reported in June that Batista was planning to sell a stake AUX to the Qatar Investment Authority for about $2 billion, citing a person with knowledge of the transaction.

To contact the reporter on this story: Gabrielle Coppola in Sao Paulo at gcoppola@bloomberg.net

To contact the editor responsible for this story: Sylvia Wier at swier@bloomberg.net

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