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Mubadala buys out Batista's company

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Staff writer ▼ | January 12, 2015
Abu Dhabi's Mubadala holding company has completed the buyout of the stake formerly held by Eike Batista's Grupo EBX in IMX, an entertainment and sports company.
Mubadala holding
Acquisition   An entertainment and sports company sold
IMX is part of the consortium that manages the MaracanĂ£ Stadium, in Rio de Janeiro. According to information from the company's website, IMX is also active in planning and image management for athletes of the likes of Formula1 driver Felipe Nasr and tennis player Thomas Bellucci, owns the rights to circus group Cirque du Soleil in Brazil, and for the Rock in Rio music festival, among other events.

IMX has confirmed the deal and said Mubadala is now its leading stakeholder. The company also reports that the transaction does not affect the schedule of events IMX has already announced. â–