Brazil's OGX says Batista sold 177.2 mln shares of oil company
RIO DE JANEIRO, Sept 4
RIO DE JANEIRO, Sept 4 (Reuters) - Brazilian OGX Petróleo e Gás Participações SA said on Wednesday that controlling shareholder Eike Batista sold 177.2 million shares of the oil company in recent days, a stake representing 5.49 percent of OGX.
Batista has sold 11.14 percent of OGX's stock since March, the Rio de Janeiro-based company said in a statement. Batista, who is selling shares to help pay debt, said on Aug. 29 that he intends to hold on to at least 50.01 percent of OGX stock, the minimum for a controlling stake, after his share-sale plan is complete.
- White House reverses, says Obama met uncle and lived with him during law school
- South Africa, world mourn 'giant for justice' Mandela |
- Key U.S. lawmakers urge China to back off on air defense zone
- RPT-UPDATE 1-Ford leans on global Mustang to burnish overseas image
- U.S. television, Twitter, alive with new version of 'Sound of Music'