Eike Batista

Corporacion America agrees to buy Batista's stake in Brazil semiconductor project

Argentina-based investment group Corporacion America reached an agreement to buy the stake of entrepreneur Eike Batista in SIX Semicondutores, a Brazil-based billion-dollar semiconductor project, for an undisclosed sum.

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Eike Batista's Oleo e Gas to honor $31.2 million oil field debt

Oleo e Gas Participacoes, controlled by Brazilian investor Eike Batista, promised to repay its $31.2 million debt in two oil fields located south of Rio de Janeiro. Oleo e Gas could lose its 40% stake in the said oil fields if it fails to repay its joint venture partners.

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$5.8 B debt accord sees Batista's OGX shares jump 21%

Investors seemed to be positive with regard to news from former Brazilian billionaire Eike Batista about Oleo & Gas Participacoes SA's creditors agreeing to convert $5.8 billion worth of company debt into equity stakes.

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GE to continue manufacturing site project near Brazilian port

Multinational conglomerate General Electric Co. intends to proceed with its project to construct a manufacturing site near a port in Rio de Janeiro. The port is being built by LLX Logistica, which was formerly run by Brazilian petroleum titan Eike Batista.

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Brazil's OGX considers legal steps after Petronas rescinds $850 mln deal

OGX Petróleo e Gás Participações SA, the Brazilian oil producer that filed for bankruptcy protection, is reviewing legal options after Malaysia's Petroliam Nasional Bhd canceled its agreed purchase of a stake in two OGX oil blocks.

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OSX's Batista undergoes restructuring before bankruptcy proceedings

A new CEO was recently installed for billionaire Eike Batista's OSX as it prepares itself for bankruptcy and other legal processes, according to its lawyers.

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OSX Brasil SA's secured debt issue increases in value

Amidst rumors of a pending bankruptcy filing, secured bonds of OSX Brazil now trade at a two month high.

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Batista divests coal mines to Yildirim

Former billionaire Eike Batista would be selling his coal mines in Colombia to Yildirim Holding for USD 450 million.

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OGX to file for bankruptcy after talks with bondholders fail

OGX would be filing for bankruptcy should it not be able to meet interest payments to bondholders amounting to USD44.5 million.

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Eike's Rio de Janeiro had highs and lows with the billionaire

At his financial mightiest, Eike bankrolled social services in Rio de Janeiro.

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Batista dismisses OGX Oil chief as bond default woes persist

Luiz Carneiro was fired as chief executive of his OGX Petroleo e Gas Participacoes SA by Eike Batista, whose commodity group owned the oil and gas company.

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To avoid bankruptcy, OGX Petroleo may seek more cash from bondholders

OGX Petroleo, Eike Batista's flagship company, may seek more financial assistance from bondholders to avoid seeking bankruptcy protection.

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OSX Brazil SA to undergo restructuring

Eike Batista's OSX Brasil SA engaged the services of Bingham McCutchen LLP for its restructuring efforts.

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BlackRock acquires OGX stock

This week, BlackRock Inc. had bought shares in OGX Petroleo & Gas Participacoes after its increased presence in Brazil's benchmark index.

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Mubadala, Trafigura join bidding war for MMX Mineracao & Metalicos- sources

State-owned Mubadala Development Co and Amsterdam-based Trafigura Beheer submitted joint bids for Eike Batista's MMX Mineracao & Metalicos.

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