October 25, 2012 / 12:20 PM / 5 years ago

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

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below