Wuhan to pay $400 mln for stake in Brazil's MMX

SAO PAULO Nov 30 (Reuters) - China's Wuhan Iron and Steel Co (600005.SS) on Monday agreed to pay $400 million for a 21.52 percent stake in Brazilian miner MMX (MMXM3.SA), according to a regulatory filing.

Rio de Janeiro-based MMX, controlled by Brazil's richest man Eike Batista, will issue new shares at an equivalent price of $3.93 each, according to the filing. The transaction requires regulatory approval, the filing said. (Reporting by Guillermo Parra-Bernal; Editing by Hans Peters) ((guillermo.parra@thomsonreuters.com; +55-11-5644-7714; Reuters Messaging: guillermo.parra.reuters.com@reuters.net))