GE Kicks In $300M For EBX Brazil Port, Mining Projects

Law360, New York (May 24, 2012, 3:54 PM EDT) -- General Electric Co. will pour $300 million into a private investment fund belonging to project developer EBX Group Ltd., part of the Brazilian conglomerate's initiative to invest $50 billion in port infrastructure, oil and gas, mining, and technology over the next decade, the companies said Thursday.

The investment will give GE a 0.8-percent preferred equity stake in Centennial Asset Brazilian Equity LLC and other offshore Centennial holding companies that support EBX's publicly traded divisions, according to a joint statement by the companies.

EBX's public subsidiaries include...
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