Deals
OGX Investor Seeks to Block Batista From Oil Asset Sales
This article is for subscribers only.
An OGX Petroleo & Gas Participacoes SA shareholder asked a Rio de Janeiro court to block asset sales and payments to companies affiliated with billionaire controller Eike Batista.
The case was submitted by Rio lawyer and professor Jorge Lobo on behalf of his son Marcio Lobo, who owns 84,000 shares in the oil company, according to the filing, a copy of which was obtained by Bloomberg News. The filing couldn’t immediately be verified in records at Rio’s Fifth Business Court.