SAO PAULO, Jan 16 (Reuters) - Abu Dhabi"s Mubadala Investment Company has hired investment bank Banco BTG Pactual SA as adviser for the sale of Rota das Bandeiras highway, in the Brazilian state of Sao Paulo, O Globo columnist Lauro Jardim reported on Sunday. Mubadala first acquired a stake in Rota das Bandeiras highway, which is 297 km long, roughly three years ago. The report said the sale is likely to fetch over 4 billion reais ($722.75 million) for Mubadala. Mubadala did not immediately respond to a Reuters request about the deal. ($1 = 5.5344 reais)