Batista tries to maintain his X factor
“CASH IS NO longer king,” says Eike Batista, the Brazilian billionaire and chairman of the EBX group of companies. “No, cash is no longer king. Cash is God. In these market conditions, those with cash are going to be the winners.”
Batista wants more. He plans to tap into the new big trend in Brazil and raise a $5 billion to $10 billion private equity fund. He will start the roadshow in April (see Batista tries to maintain his X factor).
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