Eike Batista Pushes Brazil Infrastructure
Jul 1, 2009
Eike Batista is rolling out a jumbo infrastructure-focused private equity fund to support his businesses. A major new Brazilian shipping hub is also in the works.
by Dan Shirai
Eike Batista, the Brazilian entrepreneur, says he is moving ahead full steam with plans to create an infrastructure-focused private equity fund worth up to $10 billion. “We want to establish this fund to invest in the projects tied to the companies of [Batista holding company] EBX,” he tells LatinFinance in an exclusive interview. This would imply a focus on logistics, mining, oil and gas, and power generation.
“MPX could execute many more projects if it had access to more funding,” Batista adds, referring to his power generation unit, which went public in December 2007. The Equity Growth Fund, as it will be called, already counts on the support of China Investment Corporation, a sovereign wealth fund, as well as Brazil’s Banco Itaú, says the executive. Batista says pension funds...
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