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, Folha said. Batista is also seeking 2.7 billion reais of financing for OSX Brasil SA’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.

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