SAO PAULO Aug 27 Embattled Brazilian tycoon
Eike Batista plans to inject as much as $50 million into
shipbuilder OSX Brasil SA with the proceeds from the
sale of part of his holdings in the company, according to a
securities filing on Tuesday.
The company's board exercised a so-called put option by
which Batista was forced to inject fresh capital into OSX, the
filing said. Batista, whose fortune has decreased by over $25
billion over the past 1-1/2 years amidst a crisis of confidence
in his Grupo EBX conglomerate of energy, logistics and mining
companies, will sell the equivalent of $50 million of his shares
in OSX to pay for the capital injection.