EIG proceeds with Prumo share buyback

EIG proceeds with Prumo share buyback

Brazil Funds Equity

EIG said it is prepared to proceed with a proposed share buyback for Brazil's Prumo Logistica, as long as the Brazilian bank Itau and the United Arab Emirates' sovereign wealth fund Mubadala agree to delist the company and remain as shareholders.Prumo's shareholders initially offered up to BRL6.69 per share in October last year. But earlier this month, local investment bank Brasil Plural valued Prumo's shares between BRL9.98 and BRL11.03 apiece, leading the infrastructure company to reprice the

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