OGX Bankruptcy Caps Demise of Batista Fortune

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Oct. 31 (Bloomberg) -- OGX Petroleo & Gas Participacoes SA, the oil company that transformed Eike Batista into Brazil’s richest man, filed for bankruptcy protection yesterday, culminating a 16-month decline that wiped out more than $30 billion of the Batista's personal fortune. Alexander Cuadros reports on Bloomberg Television's "In the Loop." (Source: Bloomberg)

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