Mubadala Courts Global Banks for Rio’s Base Exchange
Arabian Post Staff -Dubai Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, is actively engaging with global banks and market makers to establish a consortium of up to ten partners for the forthcoming Base Exchange in Rio de Janeiro. These prospective partners are expected to provide essential liquidity to the new stock exchange. In return, they would acquire equity stakes, resulting in a slight reduction of Mubadala’s […]

Arabian Post Staff -Dubai

Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, is actively engaging with global banks and market makers to establish a consortium of up to ten partners for the forthcoming Base Exchange in Rio de Janeiro.

These prospective partners are expected to provide essential liquidity to the new stock exchange. In return, they would acquire equity stakes, resulting in a slight reduction of Mubadala’s current 73% ownership. Despite this dilution, Mubadala would maintain its position as the controlling investor.

The Base Exchange aims to introduce competition to Brazil’s financial markets, which have long been dominated by São Paulo’s B3 exchange. The initiative seeks to enhance market efficiency and reduce transaction costs for investors.

Regulatory approval for the Base Exchange is anticipated by the end of the year, with operations expected to commence in early 2026. The exchange plans to initially facilitate trading in equities, real estate funds, and exchange-traded funds , utilizing its own clearing and settlement infrastructure.

Also published on Medium.

Notice an issue?

Arabian Post strives to deliver the most accurate and reliable information to its readers. If you believe you have identified an error or inconsistency in this article, please don't hesitate to contact our editorial team at editor[at]thearabianpost[dot]com. We are committed to promptly addressing any concerns and ensuring the highest level of journalistic integrity. https://thearabianpost.com/mubadala-courts-global-banks-for-rios-base-exchange/
Emirates for everyone

What's your reaction?


You may also like

Comments

https://iheartemirates.com/assets/images/user-avatar-s.jpg

0 comment

Write the first comment for this!

Facebook Conversations