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Abu Dhabi’s Mubadala to Get Stake in Batista Mines, Port

Mubadala Development Co., the Abu Dhabi government-owned investor, will get stakes in Eike Batista’s mining company and a port in Rio de Janeiro as part of a deal to restructure a $2 billion investment with the former Brazilian billionaire.

Batista will transfer 185.6 million shares of Prumo Logistica SA, or a 10.44 percent stake valued at 193.1 million reais ($84.9 million) as of yesterday’s closing, to Mubadala in the third quarter, the port developer said today. He will also transfer 17.1 million shares of MMX Mineracao & Metalicos SA, or a 10.52 percent stake worth 24.4 million reais, the Rio de Janeiro-based iron-ore producer said yesterday. The deals are subject to undisclosed conditions, both companies said, without elaborating.