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The commodities empire of Brazil’s richest man looks a bit shaky

Posted on 03 July 2013

Flamboyant Brazilian commodities billionaire Eike Batista’s (pawall) empire is under assault. The latest blow was Monday’s announcement that his oil company would probably close its only productive wells next year (paywall).
OGX is one of the six publicly-listed corporations he runs through his holding company EBX. OGX shares have lost nearly all of their value over the last year……………………………….Full Article: Source


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VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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