Brazilian billionaire Batista tries to maintain his X factor
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Brazilian billionaire Batista tries to maintain his X factor

Eike Batista is intent on bucking the market. He wants to make idle private equity work. Bankers love his energy and mining businesses despite the downturn in global commodities. Can Brazil’s richest man keep delivering? Chloe Hayward reports.

Cash is God but creativity is vital


Batista is the chairman of EBX Investimentos, the holding group for his four public companies: energy company MPX, logistics company LLX, mining company MMX and oil company OGX

Batista is the chairman of EBX Investimentos, the holding group for his four public companies: energy company MPX, logistics company LLX, mining company MMX and oil company OGX

EIKE BATISTA IS excited. As Euromoney walks through the EBX office in Rio de Janeiro, he points to a screen showing the prices of stocks trading on the iBovespa, the Brazilian stock exchange. "Look... all our stocks are green!" he says, beaming. Every other stock on the screen, except one, is red. Batista has a list of credentials that would turn many men green with envy. Not only is he a multi-billionaire, he also had a Rio carnival queen for a wife and once held the world speedboat racing title.

Batista is the chairman of EBX Investimentos, the holding group for his four public companies: energy company MPX, logistics company LLX, mining company MMX and oil company OGX.

He is a confident man. Consider the reason why each of his company’s names carries the letter X – it indicates that they will multiply the money invested in them, he says.


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