Batista’s EBX Signs Funding Agreement With Billionaire Esteves
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Eike Batista, the Brazilian billionaire whose estimated net worth has plunged 71 percent in a year, signed a financing arrangement with Grupo BTG Pactual.
The so-called strategic cooperation agreement with Batista’s EBX Group Co. includes financial advisory, lines of credit and future long-term capital investments in projects, according to an e-mailed statement from EBX.