LLX Talks with BNDES, GE Writes Down EBX

LLX Talks with BNDES, GE Writes Down EBX

Brazil M&A Funds

LLX Logistica is in advanced talks with development bank BNDES to roll over debt obligations due in September, a company spokeswoman says. The Eike-Batista-controlled port and logistics company is working to renegotiate some BRL518m ($233m) in debt. No agreement has yet been made. Separately, General Electric wrote down a $300m investment in Batista’s EBX holding company, according to remarks made on a conference call by CEO Jeffrey Immelt. This followed Abu Dhabi state investment fund and fello

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial