Manabi Seeks Batista Gains in Bear-Market IPO

Manabi Seeks Batista Gains in Bear-Market IPO

Dado Galdieri/Bloomberg

Ontario Teachers is seeking to replicate its gains from a $450 million investment in Brazilian billionaire Eike Batista’s OGX Petroleo e Gas Participacoes SA., which swelled in value to $2.5 billion when the oil producer went public in 2008.