Sao Paolo
1.06-0.01 (-0.93%)
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Prev Close1.07
BidN/A x N/A
AskN/A x N/A
52wk Range1.06 - 1.10
Day's Range1.06 - 1.10
Avg Vol (3m)N/A
As of 4:11 PM EDT. Market closed.
  • Reuters3 years ago

    Brazil judge accepts bankruptcy protection for Batista's OSX

    A judge in Rio de Janeiro on Monday accepted a bankruptcy-protection request made earlier this month by OSX Brasil SA (OSXB3.SA), the shipbuilder controlled by Brazilian tycoon Eike Batista, giving OSX 180 days to prepare a restructuring plan. The judge, Gilberto Clovis Farias Matos, said the request by OSX and two of its three non-traded subsidiaries, OSX Construção Naval Ltda and OSX Serviços Operacionais Ltda, met the criteria of Brazil's corporate legislation, according to a statement issued by the press office of the Justice Tribunal of Rio de Janeiro state.

  • Reuters3 years ago

    OSX becomes second Batista company to file for bankruptcy

    Brazilian shipbuilder OSX Brasil SA filed for bankruptcy protection on Monday, becoming the second company controlled by former billionaire Eike Batista to seek court protection from creditors in just over a week. The move, confirmed by the company shortly after a source told Reuters the filing was underway, follows a decision by the OSX board on Friday to pursue bankruptcy proceedings. The petition was made to the same court in Rio de Janeiro where Batista's oil company OGX Petróleo e Gas Participações SA sought protection from creditors on October 30. OGX is the shipbuilder's only big customer and filing the OSX petition at the same court in effect asks the judge to consider the two cases together.