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BRL 1,6 billion auction that could get Eike out of trouble was authorized; money will be used to pay creditors of MMX Sudeste
The universe seems to be conspiring again in favor of former billionaire Eike Batista, according to journalist Lauro Jardim, in his column at O Globo. In the next few days, Eike, the man who already had his moment of glory and was considered the seventh richest in the world, has the chance to leave behind his almost ten years of misfortune, which, according to the publication, it was a time that ranged from a period in prison to the bankruptcy of almost all of his companies.
The debentures estimated at up to half a billion dollars were issued by the mining company Anglo American. Estimated at more than US$ 500 million, the minimum bid will be US$ 350 million, equivalent to just over R$ 1,6 billion.
If the debentures are sold for the minimum amount, the former billionaire could lift MMX's bankruptcy, pay a fine of BRL 850 million to the Court and still have cash in hand.
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The president of BR Partners, Ricardo Lacerda, told the Valor Econômico that some interested in the assets at auction include strategic investors in the mining sector, investment funds, sovereign wealth funds, funds that invest in royalties and special situation funds.
However, so far, the only offer actually made came from Renato da Cruz Costa, owner of the RC Group, who offered US$ 350 million in cash for Eike Batista's debentures. The company is entitled to preference because it has already been the first to express interest.
With this, you can cover the amount proposed by another interested party in up to 24 hours. If he wins the dispute, Costa will have to deposit the amount in five days.
Businessman interested in buying debentures is the target of lawsuits and embezzlement in Brazil
But not everything is flowers: Renato da Cruz Costa is the target of at least 18 lawsuits in Brazil, accused of embezzlement and defaulting on various expenses.
According to O Globo, of the 18 processes found by the newspaper in the TJ-SP systems against Renato Cruz and his former company, RC Prime Operations and Business, 7 are active and another 11 with suspended proceedings, as the Justice cannot find him to make the formal citation. There are also six labor lawsuits against RC Prime.
“There is everything from an enforcement action to charge the owner of the RC Group a bad check of BRL 6.500,00 to a conviction for him to pay BRL 272 to a property rental company. In a 2019 lawsuit, a car rental company in Belo Horizonte accused RC Prime of having misappropriated two rented cars – a Mercedes Benz C250 and an Audi Q5 2.0. According to the lawsuit, RC Prime rented the vehicles, did not return them on the scheduled date and also did not pay the daily rates”, says the report.
With an estimated fortune of US$ 30 billion, Eike Batista became the seventh richest man in the world in 2012, but lost the title the following year. In twelve months, the fortune fell to R$ 2,95 billion.
While Eike Batista's OSX wins a new contract and continues to operate in Porto do Açu, the former billionaire enters the battle to save his last billion, which can pay off MMX's creditors
According to information from the Terceira Via newspaper, OSX – which never left Porto do Açu, and continues to be controlled by Eike Batista, the project's mentor – continues to move the port complex. This last Friday (20th), the start of installation works for Go Tratch and Alíseo (Consortium 3T) in the OSX area of Porto do Açu was official. Alíseo will build a flexible base, but Go Tratch operates in the environmental area.
The two companies are investing more than BRL 425 million and generating around 2 direct and indirect jobs, which will be added to the current 7 workers at Porto do Açu. Definitely, in a more modest way, it is the return to the project he conceived in São João da Barra. At the same time, Eike Batista enters into battle with the former director of OGX to save his last billion. The conflict took place in a fund that holds debentures pledged as guarantee for the award-winning award and that can pay creditors of the MMX.
