Shearman & Sterling helps UAE's Mubadala finalise EBX restructuring

UAE sovereign wealth fund Mubadala Development Company, with help from counsel at Shearman & Sterling in New York and Sao Paulo, has finalised the restructuring of its US$2 billion equity investment in Brazilian conglomerate EBX Group, culminating in the opening of an office in Rio de Janeiro to manage its Brazilian portfolio.

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