Mubadala looks to back new football league in Brazil

Mubadala looks to back new football league in Brazil

Equity M&A Funds Asset Management Brazil Middle East

Abu Dhabi sovereign wealth fund Mubadala Investment Company is in talks to acquire a 20% stake in a new football league in Brazil for BRL5 billion ($971 million), according to press reports. Mubadala Capital, the fund's asset management division, was chosen as the preferred backer by the new league, called Libra, after a bidding process managed by local investment bank BTG Pactual and advisory firm Codajas Sports Kapital, press said. Two other funds made offers but lost out to Mubadala, accordin

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