EBX Loses CFO, Tweaks Mubadala Deal

EBX Loses CFO, Tweaks Mubadala Deal

People Corporate & Sovereign Strategy Brazil Middle East

Otavio Lazcano has resigned as CFO of Brazil’s EBX, the company says. CEO Eike Batista will step in to assume his duties. The move comes as several of the group’s operating companies face liquidity concerns and falling share and bond prices. Separately, EBX announced that has cut the exposure Abu Dhabi sovereign wealth fund Mubadala Development Company has to EBX. “EBX has redeemed a significant portion of Mubadala’s initial investment. EBX and Mubadala have also entered into new agreements ensu

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