Brazil’s Batista Said to Be in Talks to Sell OSX to Oil-Rig Firm

Brazil’s Batista Said to Be in Talks to Sell OSX to Oil-Rig Firm

Jonathan Alcorn/Bloomberg

Brazilian billionaire Eike Batista is in talks to sell his shipbuilding business, OSX Brasil SA, to Sete Brasil Participacoes SA in exchange for a stake in the startup oil-rig operator, according to two people with direct knowledge of the matter.