Eike Sells OGX Shares

Eike Sells OGX Shares

Brazil Equity

Controller Eike Batista has sold 49.8m OGX shares, or a 1.54% stake, OGX says, meaning he has sold a position equal to 5.67% of the EBX group oil producer since March. He plans to sell at least another 5% of his current position, though he will keep his holding above 50.01%. “The sales are part of a continuous process of improving the capital structure, and have the objective of meeting certain financial obligations with EBX creditors,” OGX says. The sale of 49.8m shares would be worth BRL25m at

Already have an account?

Free trial

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

Free Trial