Eike Batista to transfer 10.52% stake in MMX to Mubadala
MMX Mineracao e Metalicos (MMXM3: BZ) informs its shareholders and the market in general that, in the context of the investment restructuring of Mubadala Development Company in EBX Group, its controlling shareholder Eike Batista Fuhrken signed binding agreements with Mubadala by which he undertook to assign to Mubadala, directly and/or through his affiliates, 17,065,162 common shares of the Company, representing 10.52% of the shares issued by the Company. The assignment of such shares is subject to usual conditions precedent and is expected to be concluded in the course of the third quarter of 2014.
The Company will keep its shareholders and the market in general informed of any update regarding the relevant assignment of shares.