Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Batista’s LLX Rallies Most in 7 Months on Hunt for Deals

June 26 (Bloomberg) -- LLX Logistica SA, billionaire Eike Batista’s port startup, rallied the most in almost seven months after announcing it hired consultants to aid its search for investors.

LLX, based in Rio de Janeiro, rose 28 percent to 1.28 reais at 11:58 a.m. in Sao Paulo, making it the biggest gainer on the Bovespa Small Cap index, which added 1.6 percent. It was the stock’s biggest intraday gain since Nov. 29.

“LLX has engaged financial advisers to evaluate possible business opportunities and corporate transactions involving the company’s assets and its securities,” the company said in a statement late yesterday, without naming the consultants.

Batista plans to use LLX’s Acu port in Rio de Janeiro state as a base of operations for his oil company OGX Petroleo e Gas Participacoes. OSX Brasil SA, his shipbuilder, is building a yard at the port to manufacture oil-production vessels. OSX rose as much as 6.6 percent today after it raised 183 million reais ($83.29 million) in a capital increase.

To contact the reporter on this story: Peter Millard in Rio de Janeiro at pmillard1@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.