Brazil Meat Tycoons Expand in Oil and Gas With Bolivia Deal
- Batista brothers’ Fluxus acquires Pluspetrol Bolivia
- Company aims to increase upstream activities in Latin America
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Brazil’s Batista brothers are expanding the family energy footprint in oil and gas with the acquisition of a company that has three natural-gas fields in the Tarija-Chaco basin in Bolivia.
Fluxus, the oil and gas company owned by Wesley and Joesley Batista — the tycoons who built beef giant JBS SA — completed a deal Thursday to buy Pluspetrol Bolivia. Fluxus will eventually send gas produced in Bolivia to the Cuiaba thermal power plant in Brazil, Chief Executive Officer Ricardo Savini said in a text message Friday. The facility belongs to another company owned by the Batistas, he said.