Arab Fund Mubadala Takes Over Invepar's Billion-Dollar Debt And Gains Control Of Rio de Janeiro's Subway

Arab Fund Mubadala Takes Over Invepar’s Billion-Dollar Debt And Gains Control Of Rio de Janeiro’s Subway

Written by Flavia Marinho

Published on 11/04/2022 at 10:59

Updated on 03/06/2022 at 14:12

Metrô do Rio

Seja o primeiro a reagir!

In Addition To Taking Over The Rio Metro, The Arab Fund Mubadala Purchased The Landulpho Alves Refinery, Which Belonged To Petrobras, For US$ 1.65 Billion

The Mubadala, an investment fund from the United Arab Emirates, took control of the Metroviária Concessionaire of Rio de Janeiro, MetrôRio, yesterday (11/08), replacing Invepar. The process authorizing the change, signed by Governor Cláudio Castro, was published in the Official Gazette of Rio de Janeiro.

Read Also

The Rio Metro Was Previously Under The Control Of Investimentos E Participações Em Infraestrutura S.A (Invepar), The Majority Shareholder Of São Paulo International Airport In Guarulhos.

According To Globo Columnist Ancelmo Gois, The Arab Fund Helped Restructure The R$ 2.5 Billion Debts Of Invepar In September. In Exchange, It Was Agreed That Invepar Would Give Up The Metro And The Yellow Line Concession.

ARTICLE CONTINUES BELOW

Mubadala Group Acquired From Petrobras The RLAM Refinery In Bahia For US$ 1.65 Billion

The Mubadala Recently Approved The Purchase Of A Brazilian Refinery. The Plant Belonged To Petrobras And The Transaction Amount Was US$ 1.65 Billion. The RLAM Started Operating In 1950 And Has The Capacity To Process 330,000 Barrels Of Oil Per Day.

In Addition To The RLAM, The Sale Included 669 Km Of Pipelines That Are Part Of The Refinery’s Network, Including Short Pipelines (Becan 6”, Becan 8”, And 21 Oil Pipelines Connecting The RLAM To The Madre De Deus Terminal) And Long Pipelines (ORSUB, Connecting The RLAM To The Jequié And Itabuna Terminals; ORPENE L1/14”, ORPEN 12”, And ORPENE 8”, Connecting The RLAM To The Camaçari Petrochemical Complex).

Odebrecht Articulates The Sale Of The Petrochemical Braskem To Mubadala, The Sovereign Fund Of The United Arab Emirates

The Petrochemical Braskem, A Company Of The Novonor Group – Formerly Odebrecht, Is In The Crosshairs Of Acquisition By The Sovereign Fund Of The United Arab Emirates, Mubadala. The Negotiations Are Regarding The Purchase Of 50.1% Of The Company, Which Is Part Of The Judicial Recovery Program Of Odebrecht/Novonor.

Petrobras, Which Owns The Remaining Shares Of Braskem, Seems To Be In Favor Of The Deal. The State-Owned Company Already Has An Ongoing Process With The Arab Fund, The Sale Of The Landulpho Alves Refinery (RLAM).

According To Broadcast Estadão, Other Interested Parties Are Expected To Come In, Such As The Dutch LyondellBasell, Which May Resume Negotiations For The Stake In Braskem.

Braskem Is The Largest Producer Of Thermoplastic Resins In The Americas, With An Annual Volume Exceeding 20 Million Tons, Including The Production Of Other Basic Chemical And Petrochemical Products. The Company Operates 41 Industrial Units Located In Brazil, The USA, Germany, And Mexico, The Last In Partnership With The Mexican Idesa.

Arab Fund Mubadala Takes Over Invepar’s Billion-Dollar Debt And Gains Control Of Rio de Janeiro’s Subway

In Addition To Taking Over The Rio Metro, The Arab Fund Mubadala Purchased The Landulpho Alves Refinery, Which Belonged To Petrobras, For US$ 1.65 Billion

Read Also

Mubadala Group Acquired From Petrobras The RLAM Refinery In Bahia For US$ 1.65 Billion

Odebrecht Articulates The Sale Of The Petrochemical Braskem To Mubadala, The Sovereign Fund Of The United Arab Emirates

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

China inaugurates a 24 km monster that is a bridge, tunnel, and museum at the same time — and 90,000 cars pass through it every day.

Oil at the center of global disputes and historical transformations

Brazil already has the largest electric buses in daily operation in the world: Goiânia has put 28-meter giants from Volvo on the streets to transform urban transport, placing the country at the center of a new showcase for urban mobility.

NASA announces the first interplanetary nuclear spacecraft in history destined for Mars and technology created to usher in a new era in deep space exploration: meet the SR-1 Freedom, equipped with a fission reactor and three helicopters inspired by Ingenuity to map Martian ice.

With 93 companies selling armored vehicles, aircraft, and monitoring systems to 148 countries, Brazil’s defense industry is doubling exports and is on track to break all records in 2026.

Arab Fund Mubadala Takes Over Invepar’s Billion-Dollar Debt And Gains Control Of Rio de Janeiro’s Subway

In Addition To Taking Over The Rio Metro, The Arab Fund Mubadala Purchased The Landulpho Alves Refinery, Which Belonged To Petrobras, For US$ 1.65 Billion

Read Also

Mubadala Group Acquired From Petrobras The RLAM Refinery In Bahia For US$ 1.65 Billion

Odebrecht Articulates The Sale Of The Petrochemical Braskem To Mubadala, The Sovereign Fund Of The United Arab Emirates

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

With 93 companies selling armored vehicles, aircraft, and monitoring systems to 148 countries, Brazil’s defense industry is doubling exports and is on track to break all records in 2026.

Whoever earns R$ 7,000 in Brazil did not receive an exemption from income tax in 2026 and has become the preferred target of the financial system, living in the most dangerous trap of the middle class.

After the U.S. oil blockade, Cuba faces an unprecedented collapse and puts its $827 million cigar industry at risk with blackouts, mass exodus, and production at the lowest level in history.

Rocket Lab signs $190 million contract to provide hypersonic suborbital launches for U.S. defense testing.

Leila Pereira’s mansion, president of Palmeiras, draws attention for its luxury, sophisticated finishes, and tribute to the club, while the value of R$ 90 million surrounds the property with curiosity.

China inaugurates a 24 km monster that is a bridge, tunnel, and museum at the same time — and 90,000 cars pass through it every day.

Oil at the center of global disputes and historical transformations

Brazil already has the largest electric buses in daily operation in the world: Goiânia has put 28-meter giants from Volvo on the streets to transform urban transport, placing the country at the center of a new showcase for urban mobility.

NASA announces the first interplanetary nuclear spacecraft in history destined for Mars and technology created to usher in a new era in deep space exploration: meet the SR-1 Freedom, equipped with a fission reactor and three helicopters inspired by Ingenuity to map Martian ice.

With 93 companies selling armored vehicles, aircraft, and monitoring systems to 148 countries, Brazil’s defense industry is doubling exports and is on track to break all records in 2026.