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Mubadala, Trafigura made joint offer for Batista’s MMX Mineracao

Abu Dhabi's Mubadala Development Co has joined Trafigura Beheer BV to bid for Eike Batista's iron-ore unit, seeking to beat offers by Glencore Xstrata and MRS Logistica, Bloomberg has reported, citing three people with direct knowledge of the matter. Mubadala and Amsterdam-based commodities trader Trafigura presented a joint offer for Batista's stake in MMX Mineracao & Metalicos, the people said. MMX, a part of Batista's holding company EBX Group Co, is studying the bid together with offers from Glencore and Brazilian railway operator MRS, they said.