July 19, 2013
Brazil’s OSX has hired Credit Suisse to look for businesses opportunities f
Brazil’s OSX has hired Credit Suisse to look for businesses opportunities for the assets of its leasing arm, it says. The move comes as OSX loses business from its main client, fellow Eike Batista company OGX, which has failed to meet production targets and is reducing operations. Investors and analysts are concerned about the E&P operator’s ability to service $3.6bn in debt to rely on the $1.0bn put option pledged by Batista.