Trafigura and Mubadala plan sale of Rio iron-ore port

Trafigura Group and Mubadala Capital are exploring the sale of a Brazilian iron-ore port terminal operator they acquired from former billionaire Eike Batista about a decade ago, according to people familiar with the matter.

The trading giant and the investment arm of Abu Dhabi’s sovereign wealth fund have held talks with banks as they seek a buyer for as much as the entirety of their holdings in Porto Sudeste, said the people, asking not to be named discussing private matters.