December 21, 2012
Eike Batista has put BRL509m ($250m) into OSX, the Brazilian shipbuilder sa
Eike Batista has put BRL509m ($250m) into OSX, the Brazilian shipbuilder says, by buying 12.9m shares through a put option. The transaction follows a similar one done in October and completes his commitment to put BRL500m in equity capital into OSX by March. There is an additional BRL500m to be put in by March 2014. Batista pays BRL39.38 per share, equal to OSX’s IPO price adjusted for inflation. OSX shares closed at BRL10.05 Thursday.