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Brazil Police Seize Ferrari Owned by Batista’s Son, O Globo Says

Authorities in Rio de Janeiro today impounded a Ferrari belonging to Thor Batista, son of Brazil’s richest man Eike Batista, for lacking a front license plate, O Globo reported, citing local police.

EBX Group Co., the holding company for most of Batista’s assets, didn’t immediately respond to a phone call seeking comment made outside office hours.