Bloomberg News

Batista in Talks to Sell $1 Billion Stake in EBX

March 26, 2012

Brazilian billionaire Eike Batista said he is in talks with sovereign-wealth funds to sell an additional $1 billion stake in holding company EBX Group Co.

Batista is seeking cash to aid his quest to become the world’s richest man, he said today in a phone interview.

He had announced a deal earlier in the day to sell a 5.63 percent stake in his group of commodity startups to Abu Dhabi’s Mubadala Development Co. for $2 billion.

To contact the reporter on this story: Alexander Cuadros in Sao Paulo at acuadros@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net


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