Batista Overhauls OSX Management for Court Restructuring
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Eike Batista is wagering on a single Brazilian consulting firm to oversee the court-supervised restructuring of his oil and shipbuilding companies.
The former billionaire replaced Alvarez & Marsal Inc. with Angra Partners to coordinate shipbuilder OSX Brasil SA’s so-called judicial recovery process in Rio de Janeiro, OSX said in a Nov. 8 statement. The decision sees the departure of Alvarez & Marsal’s Marcelo Gomes as chief executive office.