By Kenneth Rapoza, Contributor
It would be better if he were trying to lose weight. But Brazilian billionaire Eike Batista doesn’t need to lose weight. He’s looking pretty good at 56. At least on the outside. On the inside, the man must be a ball of stress as his family of companies in the EBX Group — from oil firms to shipbuilders — have lost more money than any other company listed on the Brazilian stock exchange. …read more
Source: FULL ARTICLE at Forbes Latest
By Ricardo Geromel, Contributor
More bad news for Eike Batista, the year’s biggest billionaire loser: all of his companies lost money in 2012; combined losses of the companies in his EBX group jumped 146%, reaching $1.25 billion. Batista’s net worth fell $600 million in just the past six days as stocks in his companies continued to fall. …read more
Source: FULL ARTICLE at Forbes Latest
SAO PAULO, Brazil–EBX Group on Wednesday confirmed that Otavio Lazcano has stepped down as chief financial officer, the latest management shake-up among companies controlled by billionaire Eike Batista. …read more
Source: FULL ARTICLE at Fox Business Headlines
Shares of Brazilian coal mining company Carvao da Colombia SA (CCXC3.BR) surged in early trading Tuesday after the company’s controlling shareholder, Eike Batista, made an offer late Monday to acquire all outstanding shares in a move to take the company private.
Source: FULL ARTICLE at Fox Business Headlines
Brazilian billionaire Eike Batista has offered to take his Colombian coal-mining unit back into private hands barely a year after taking the company public, amid a worsening outlook for the coal market.
Source: FULL ARTICLE at Fox Business Headlines
By Anderson Antunes, Contributor Brazilian billionaire Eike Batista‘s mining company, MMX, was fined $1.8 billion. MMX called the allegations of tax avoidance “totally unfounded.”
Source: FULL ARTICLE at Forbes Latest
By Anderson Antunes, Contributor Photos of the Forbes Most Powerful People
Source: FULL ARTICLE at Forbes Latest
