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.
Eneva SA, the Brazilian power generator controlled by EON SE and Eike Batista, plunged after a person with knowledge of the matter said the company is postponing the start of its Parnaiba 2 power plant.
Eike Batista’s sports venture with IMG Worldwide Inc. has the resources to operate and grow irrespective of the fate of the former billionaire’s other businesses, Chief Executive Officer Alan Adler said.
The Federal Reserve will release minutes from its Jan. 28-29 meeting, the last presided over by former Chairman Ben S. Bernanke and at which policy makers further reduced the central bank’s record stimulus.
Creditors of Eike Batista’s oil producer, including Pacific Investment Management Co., agreed to put up fresh capital to keep the Brazilian company running in a deal that will strip control from the former billionaire.
The Ibovespa fell for the first time in three sessions as homebuilder Brookfield Incorporacoes SA led declines among companies that depend on domestic sales amid increased bets on higher Brazilian borrowing costs.
Creditors led by Pacific Investment Management Co. agreed to terms for about $200 million of financing for Eike Batista’s oil company that will strip control from the former billionaire, said two people with knowledge of the talks.
CCX Carvao da Colombia SA, the coal unit of former billionaire Eike Batista, plunged the most since mid-June after slashing the value of its Colombian coal assets by 72 percent in a sale to Turkey’s Yildirim Holding AS.