MMX sells 65% of Sudeste iron ore superport

Oct 15, 2013 | 12:32 PM | Michelle Madsen

Tags  iron ore, Sudeste Superport, MMX Mineracao & Metalicos, Eike Batista, Mubadala Development, Trafigura Beherr, Impala, Michelle Madsen

LONDON — Brazilian tycoon Eike Batista’s MMX Mineracao & Metalicos SA has sold a controlling 65-percent stake in the Sudeste Superport in Brazil’s Rio de Janeiro state to Dutch trading giant Trafigura Beheer BV and Abu Dhabi investment firm Mubadala Development Co. PJSC.

The $400-million sale of the Sudeste iron ore port, just over 31 miles from Rio de Janeiro, is expected to be completed by year-end, the companies said Oct. 14.....

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