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.
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.
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.
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.
The Burger King hamburger chain made a dramatic decision in August. It dethroned the King -- the mascot who had danced through its advertising in various guises for more than 50 years. The marketing move was made by the struggling company’s new management, appointed after it was taken private in 2010 by 3G Capital Inc., a New York-based investment firm with roots in Brazil.
Two years after partnering with Eike Batista and vowing to create Brazil’s biggest non-state energy company, German utility EON SE is facing the prospect of pumping more money into the venture without Batista’s help.