Batista controls EBX, an empire of interlinking commodity startups. The single most valuable company is publicly traded OGX, which started
producing oil in January 2012. Among his closely held ventures are Colombian gold explorer AUX, Rio de Janeiro real-estate developer REX and technology and sports-management firms.
Eike Batista News
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Eike Batista, the Brazilian billionaire whose wealth shrank more than $27 billion since early last year, put one of his private jets on sale as the tycoon cuts costs and divests assets.
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Ibovespa futures dropped as economists covering Brazil lowered 2013 and 2014 forecasts for manufacturing growth, adding to concern that the recovery in Latin America’s largest economy will falter.
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Emerging-market stocks capped their first weekly decline in a month as the longest slide in gold since 2009 dragged down producers. Russian shares surged.
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Perenco SA, the French oil producer that scrapped an initial public offering of its Brazilian unit in 2011, “hopes’” to have a successful offshore well discovery in the South American country soon.
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Exxon Mobil Corp., the world’s most valuable oil producer, teamed up with billionaire Eike Batista to search in Brazilian waters as the country raised a record amount in its first oil bidding round in five years.
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Exxon Mobil Corp., the world’s most valuable oil producer, teamed up with billionaire Eike Batista to search in Brazilian waters as the country raised a record amount in its first oil bidding round in five years.
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More than 60 oil companies are set to bid on exploration permits offshore Brazil, taking on risks of drilling in virgin waters after similar geology across the Atlantic in Ghana and Ivory Coast yielded major discoveries.
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BP Plc and Total SA, Europe’s biggest oil companies after Royal Dutch Shell Plc, won exploration rights in the Amazon basin as Brazil’s first oil auction in five years attracts a record level of bids.
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Anschutz Entertainment Group Inc., the operator of the Staples Center in Los Angeles and London’s O2 arena, teamed up with billionaire Eike Batista and Brazil’s largest construction company to run Rio de Janeiro’s Maracana stadium for 35 years.
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OGX Petroleo & Gas Participacoes SA, billionaire Eike Batista’s oil company, fell after it abandoned offshore exploration acreage and said it won’t receive the bulk of an $850 million oil-field sale until it starts producing.
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