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.
Pacific Investment Management Co. and Credit Suisse Group AG are among a group of bondholders that took a major step toward securing control of the oil company that sparked Eike Batista’s financial collapse.
Pacific Investment Management Co. and Credit Suisse Group AG are among a group of bondholders taking another step toward securing control of the oil company that sparked Eike Batista’s financial collapse.
Oleo e Gas Participacoes SA, the oil startup that triggered Eike Batista’s financial collapse, will emerge as a viable producer once creditors approve a recovery plan at a meeting scheduled for next week, Chief Executive Officer Paulo Narcelio said.
Eike Batista, the former billionaire fighting insider-trading allegations, sold shares of his oil company last year to pay back creditor Mubadala Development Co. rather than anticipating project failures, according to his legal defense.
The 23-story Serrador building rises gracefully in downtown Rio de Janeiro, a rounded granite-and- glass art deco masterpiece that conjures the opulence of another era. Completed in 1944 and named for Spanish cinema-house promoter Francisco Serrador, it once held a luxury hotel with a nightclub that attracted a mix of Rio elites and visiting American movie stars.
OSX Brasil SA, former billionaire Eike Batista’s shipbuilder that filed for bankruptcy protection last year, is seeking approval to pay back creditors over 25 years in a restructuring plan released today.