- Reuters•last year
The Brazilian judge presiding over criminal proceedings against charismatic entrepreneur Eike Batista, once Brazil's richest man, was seen on Tuesday driving a Porsche belonging to the fallen tycoon that had been seized by the court. Flavio Roberto de Souza, who is overseeing Batista's trial for insider trading, was seen driving the white Porsche Cayenne by reporters for Estado de S.Paulo's news agency after a tip-off from Batista's lawyer. Local media said investigators had seized the cars because of concerns Batista had been selling or donating assets that were frozen as part of the insider trading case.
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- Bloomberg•2 years ago
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.
Õleo e Gás Participações S.A.Sao Paolo
|52wk Range||2.00 - 19.00|
|Day's Range||5.47 - 5.88|
|Avg Vol (3m)||206,053|
As of 4:05 PM EDT. Market closed.