Tuesday, November 12, 2013

Eike Batista-owned OSX files for bankruptcy

Per the BBC:

A second company controlled by the Brazilian former billionaire Eike Batista has filed for bankruptcy protection.

Shipbuilding firm OSX Brasil made the filing in a Rio de Janeiro court less than two weeks after its sister oil company, OGX, also declared bankruptcy.

Mr Batista is one of Brazil's best known businessmen, and once boasted a fortune estimated at $30bn (£18.8bn).

But investors have recently lost confidence in his vast business empire.

For more about the bankruptcy filing, see

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