November 9, 2022
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
Abu Dhabi sovereign wealth fund could spend $970 mln to acquire 20% of Libra