Mubadala fund has completed the acquisition of a controlling stake in Metro Rio Concessionaire in a transaction valued at BRL1.8 billion (US$327.79 million). Mubadala acquired a 51.5% stake as part of Invepar’s debt exchange with pension funds Previ, Funcef, and Petros.

Metro Rio Concessionaire is responsible for the operation of the Rio metro system. After the transaction, Mubadala holds a 51.5% stake in the company while a 48.5% stake is being held by three pension funds.