Brazil’s Batista Seeks BNDES Loans for MPX and OSX, Folha Says

Brazilian billionaire Eike Batista is negotiating with BNDESPar, a subsidiary of the country’s state development bank, for loans for two companies he controls, Folha de S. Paulo reported, without saying where it obtained the information.

Batista is seeking a 600 million reais ($386 million) loan for energy company MPX Energia SA (MPXE3), Folha said. Batista is also seeking 2.7 billion reais of financing for OSX Brasil SA (OSXB3)’s 3 billion reais shipyard in Porto do Acu, the Sao Paulo-based newspaper said.

The money would come from the government’s Merchant Navy fund via BNDES, though may be disbursed by Caixa Economica Federal or Banco do Brasil, the newspaper reported.

To contact the reporters on this story: Matthew Bristow in Brasilia at mbristow5@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

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