Mubadala Investment Company intends to sell Rota das Banderas, the highway operator in the Brazilian state of Sao Paulo.
According to Arabiya Net, Mubadala has appointed investment bank BTG Pactual SA as an advisor for the sale, according to Loro Jardim in an article in O. Globo on Sunday.
Mubadala first acquired a stake in Rota das Banderas, which operates 297 km of roads, about three years ago. The report stated that the sale is likely to fetch more than 4 billion Brazilian riyals ($722.75 million) for the swap.
Mubadala has not yet responded to a question from Reuters about the deal.
And yesterday, the Wall Street Journal revealed that UAE firm Mubadala has invested nearly $100 million in venture capital firms in the Israeli technology sector, according to people familiar with the matter. investments.
These investments are aimed at financing start-ups capable of rapid growth and huge profits in the future.
Business between the UAE and Israel is increasing with the aim of increasing the value of trade between the two countries to $2 billion this year, up from about $250 million annually before peace agreements were signed.
Mubadala is expected to start investing by buying stakes directly in Israeli technology companies.
Mubadala, which manages $250 billion in assets, has invested as much as $20 million in six Israeli venture capital firms, including Mangrove Companies Capital, Entry Capital, Aleph Capital, Viola Ventures, Pitango and Mizma.
