|Day's Range||3.04 - 3.08|
|52 Week Range||3.00 - 7.50|
|PE Ratio (TTM)||-0.54|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
SAO PAULO/RIO DE JANEIRO, Feb 10 (Reuters) - Brazil's one-time richest man Eike Batista will stand trial on corruption charges along with an ex-Rio de Janeiro governor who allegedly took millions in bribes from the former billionaire. Federal prosecutors on Friday leveled the charges against Batista, the former governor Sergio Cabral and seven other people accused for helping facilitate the alleged graft, and hiding the money by creating offshore shell firms for Batista, 60, who five years ago had a net worth exceeding $30 billion and was considered one of the world's 10 richest people. Batista has been jailed since Jan. 30 when he voluntarily returned to Rio from New York after four days as a fugitive.
Eike Batista, once the richest and most outspoken cheerleader for Brazil's ill-fated commodities bubble, flew back to Rio de Janeiro Monday and was arrested at the airport by federal police over corruption allegations after four days as a fugitive. Batista, a brash entrepreneur whose meteoric rise and fall made him the poster boy of a decade-long boom in Brazil that turned to bust three years ago, is accused of paying a former Rio state governor millions in bribes. Batista has not been formally charged.
The restructuring of former billionaire Eike Batista ’s oil company, led by bondholders including Pacific Investment Management Co., is at risk of being derailed by crude’s collapse. Brent crude fell to as low as $45.19 a barrel this month, below the $61.80 average production cost of Oleo & Gas Participacoes SA, or OGpar as the Brazilian venture is known.