Batista Sees IPOs Proceeding in 2012

Batista Sees IPOs Proceeding in 2012

Brazil Colombia Equity

Brazilian billionaire Eike Batista expects IPOs to go ahead for three of his companies next year, according to public remarks reported by wire and local news sources. Batista reaffirmed that the trio of listings – each either previously mentioned by Batista or expected to some degree by the markets – should take place next year when he expects market conditions to recover. An IPO for Colombian coal mining operation CCX should raise as much as $5bn. Batista plans to spin off the unit fr

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