Mubadala Development Company PJSC signed binding agreement to acquire 10.52% stake in MMX Mineracao e Metalicos S.A. (BOVESPA:MMXM3) from EBX Ltd. on August 4, 2014. Under the terms of the transaction, Mubadala Development will acquire 17.07 million shares in MMX Mineracao. The transfer of these shares is subject to usual conditions precedent and is scheduled to occur in the third quarter of 2014. Shearman & Sterling LLP and Stocche, Forbes, Padis, Filizzola, Clapis Advogados acted as legal advisor to Mubadala Development. Credit Suisse acted as exclusive financial advisor to EBX Ltd.


Mubadala Development Company PJSC completed the acquisition of 10.52% stake in MMX Mineracao e Metalicos S.A. (BOVESPA:MMXM3) from EBX Ltd. in first quarter of 2015.