UAE Fund Buys Two Universities In Brazil

Date

6/3/2022 11:06:38 PM

(MENAFN- Brazil-Arab News Agency (ANBA))

São Paulo — Mubadala Capital, the asset management arm of the United Arab Emirates' fund Mubadala investment Company PJSC, has acquired two medical universities in Brazil, Brazilian newspaper Valor Econômico reported.

Mubadala acquired two schools in the northeastern state of Bahia, UniFTC and UnesulBahia. They said in a statement that“they will now be joined by Mubadala Capital, an investor with a long-term perspective, that will bring a higher investment capacity to educating our students, thus providing the continuous evolution of our academic quality.”

The organizations believe that the investment of Mubadala Capital will make it possible a national expansion project. They said the brands, faculty, diplomas and physical campus will be maintained.

Mubadala has an office in Rio de Janeiro. The fund has invested in buying other companies in Brazil. Last year, Mubadala bought the Landulpho Alves Refinery (RLAM) from Petrobras for USD 1.65 billion. The plant is located in São Francisco do Conde, Bahia.

Since 2021, the Emirati fund has also had corporate control over Concessionária Metroviária do Rio de Janeiro SA, MetrôRio.

Here's more on this:

Rio government approves subway control by Mubadala fund
Sale of Brazilian refinery to UAE fund approved

Translated by Guilherme Miranda

The post UAE fund buys two universities in Brazil appeared first on Agência de Notícias Brasil-Árabe .

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