The Mubadala fund aims to create a new stock exchange in Brazil. The group of investors is led by the Royal Family of Abu Dhabi, from the United Arab Emirates.
The goal is to rival B3 – currently operating in Brazil, it is the largest in the segment throughout Latin America.
Oscar Fahlgren, president of Mubadala’s operations in the country, confirmed the project in an interview with the Financial Times, given last Sunday, 5.
“Brazil is a very large country, has only one stock exchange, and I think this is an infrastructure below the ideal for the players operating in this segment,” said Fahlgren.
According to the executive, the new market could start operating next year with shares, and no asset is off the table.Mubadala in BrazilMubadala’s appetite for Brazil is not limited to a new stock exchange. The fund has various assets in the country.
The list includes, for example, stakes in Prumo Logística, in the Porto do Sudeste, and in the group of highways Rota das Bandeiras.
Furthermore, the fund holds the majority of Zamp’s shares, a company that controls Burger King and Popeyes fast-food chains in Brazil, owns the company responsible for organizing the Formula 1 Grand Prix in São Paulo and is the owner of Acelen – a company specialized in oil refining in Bahia, where the group announced a billion-dollar investment to produce biofuels.
