Batista in Talks to Sell $1 Billion MPX Stake to EON, Veja Says

Eike Batista, Brazil’s richest man, is in talks to sell an additional stake in MPX Energia SA (MPXE3) to German utility EON AG for more than $1 billion, Veja magazine reported, without saying where it got the information.

EON acquired an 11.7 percent stake in MPX earlier this year.

Separately, Batista is seeking to raise money in the Middle East and Eastern Europe for a fund to take over Brazilian television network SBT and buy minority stakes in big companies, Veja said in its Radar column, without saying where it got the information. A Tunisian executive named Aziz Ben Ammar is serving as Batista’s new right-hand man, according to the magazine.

EON declined to comment in an e-mailed statement. EBX’s media office didn’t immediately have a comment when contacted by Bloomberg News today.

To contact the reporter on this story: Alexander Cuadros in Sao Paulo at acuadros@bloomberg.net

To contact the editor responsible for this story: Helder Marinho at hmarinho@bloomberg.net

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