Batistas to Hire Citi for Sale of Stake in Iron Ore Miner

J&F SA — the Brazilian holding company controlled by the Batista brothers — has hired Citigroup Inc. to sell a minority stake in its LHG Mining unit to a potential...

By Rachel Gamarski, Mariana Durao · Bloomberg Markets

J&F SA — the Brazilian holding company controlled by the Batista brothers — has hired Citigroup Inc. to sell a minority stake in its LHG Mining unit to a potential strategic partner, according to people familiar with the matter.