OGX shares rise nearly 8 pct after Batista offers to up stake

SAO PAULO Thu Oct 25, 2012 8:17am EDT

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SAO PAULO (Reuters) - Shares of oil company OGX Petroleo e Gas Participacoes SA (OGXP3.SA), controlled by Brazilian billionaire Eike Batista, rose nearly 8 percent on Thursday after Batista offered to buy up to $1 billion of stock in the company by April 30, 2014, according to a securities filing late Wednesday.

At 10:13 a.m. (1213 GMT), shares of OGX were up 7.13 percent to 4.96 reais, while Brazil's benchmark Bovespa index .BVSP rose 1.41 percent to 57,966.11 points.

(Reporting by Asher Levine; Editing by Gerald E. McCormick)

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