OREANDA-NEWS. MMX and its controlling shareholders, Eike Fuhrken Batista and Centennial Asset Mining Fund LLC, have entered into definitive agreements with Impala (division of Trafigura Pte. Ltd.) and Mubadala Development Company PJSC, through their respective subsidiaries IWL Holdings (Luxembourg) S.A.R.L. and EAV Delaware LLC, by means of which Trafigura and Mubadala shall become the indirect holders of 65% of the equity interests in MMX Porto Sudeste Ltda. MMX shall retain with a 35% interest in PortCo.

The transaction provides for a total investment by Mudabala and Impala in PortCo of USD 400 millions, to be made on the closing date of the Transaction. MMX, in its turn, shall contribute to PortCo debts of MMX Sudeste Mineracao S.A., in the approximate amount of BRL 1.3 billion.

The closing of the Transaction is subject to certain conditions precedent, such as applicable corporate and governamental approvals, as well as the restructuring of the existing debt at PortCo and MMX Sudeste (to be transferred to PortCo).