Brazil's Batista To Raise Capital For Offshore Services
October 13 2009 - 12:19PM
Dow Jones News
Brazilian mining magnate Eike Batista intends to open up the
capital of his oil offshore-services company, OSX, a company
spokeswoman said Tuesday.
According to the company, the idea is to raise up to $3 billion
on financial markets by February.
Batista said OSX is worth around $4 billion.
Batista has also said he was taking more interest in gold and
had bought two gold deposits in Colombia.
The mining billionaire said he would set up a dedicated gold
company called AUX, with initial investment of $2 billion to $3
billion.
Batista made his initial fortune in buying and selling gold from
the Upper Amazon region.
Batista is now the owner of mining firm MMX Mineracao e
Metalicos SA (MMXM3.BR), logistics company LLX Logistica SA
(LLXL3.BR) and oil and gas company OGX (OGXP3.BR), among other
assets.
-By John Kolodziejski, Dow Jones Newswires; 55-21-2586-6086;
John.Kolodziejski@dowjones.com