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Eike Batista ups OGX stake

Brazilian billionaire Eike Batista poured another 544 million reais ($309 million) into his oil and gas start-up OGX, the company said on Monday, consolidating his controlling stake after its shares lost nearly half their value this year.

Sure thing: Eike Batista's move to buy additional capital in OGX takes his stake to over 62%.
Sure thing: Eike Batista's move to buy additional capital in OGX takes his stake to over 62%.
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Published 11 October 2011, 01:18Updated 11 October 2016, 08:22
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