Eike Batista Tries to Repurchase Porto do Açu with Help from Chinese Company China Development Integration (CDIL)

Written by Flavia Marinho

Published on 02/02/2021 at 12:55

Updated on 15/02/2021 at 16:24

Seja o primeiro a reagir!

Allied With The Chinese, Ex-Billionaire Eike Batista Tries To Repurchase Porto do Açu That Once Belonged Entirely To MMX, A Company Of The EBX Group

Ex-billionaire businessman Eike Batista is trying to repurchase Porto do Açu with the help of the company China Development Integration (CDIL), according to information published last Sunday (31/01) by the newspaper “O Globo”. According to journalists, the extraction of minerals in the Amazon initiated by Eike Batista resulted in the death of workers and misery

Also Read

According to the publication, in December, businessman Eike Batista went to Porto do Açu, located in the north of Rio de Janeiro, with a Chinese investor to introduce him to the site.

Porto do Açu once fully belonged to MMX (MMXM3), a company of the EBX group owned by Eike Batista. Currently, MMX is undergoing judicial recovery and remains in operation through a preliminary injunction, with the businessman still owning about 49.7% of the miner MMX.

ARTICLE CONTINUES BELOW

MMX, Eike’s Company, Is Under Judicial Recovery

The company MMX, which is under judicial recovery, reported in December that Eike Batista, the controlling shareholder of the company, is awaiting possible homologation of a plea bargain agreement reached with the Federal Public Ministry, but has not yet received any official communication confirming the homologation.

The clarification, sent to the Securities and Exchange Commission (CVM), comes after news reports that Minister Rosa Weber, of the Supreme Federal Court, had homologated the businessman’s plea bargain agreement on November 3.

MMX also stated that it was not mentioned in any of the news articles it had access to and that it is attentive to possible developments of the event, especially if they involve the company.

Eike Batista was sentenced in 2020 to eight years in prison under a semi-open regime for market manipulation by disseminating false information regarding the operations of his oil company OGX.

Eike Batista’s company was one of the most famous on the Brazilian Stock Exchange in the 2000s, but it turned out to be one of the biggest frauds in the history of the country’s capital markets.

Eike Batista Tries to Repurchase Porto do Açu with Help from Chinese Company China Development Integration (CDIL)

Allied With The Chinese, Ex-Billionaire Eike Batista Tries To Repurchase Porto do Açu That Once Belonged Entirely To MMX, A Company Of The EBX Group

Also Read

MMX, Eike’s Company, Is Under Judicial Recovery

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

With 93 companies selling armored vehicles, aircraft, and monitoring systems to 148 countries, Brazil’s defense industry is doubling exports and is on track to break all records in 2026.

Brazil and Sweden finalize a military agreement to jointly train pilots, share experiences with the Gripen fighter, and allow Swedish crews of the KC-390 to train on Brazilian soil over the next two years.

Scientists warn that Earth’s oxygen has an expiration date and that the Sun itself will be responsible for ending the air we breathe by making photosynthesis impossible in about one billion years.

Science reveals that the error in the expansion of the cosmos is not a measurement flaw, but rather a sign that the universe may be hiding new physics capable of changing everything we know.

More than 4.9 million Brazilians live abroad, and those who return face a phenomenon known in science for over a hundred years as return syndrome.

Eike Batista Tries to Repurchase Porto do Açu with Help from Chinese Company China Development Integration (CDIL)

Allied With The Chinese, Ex-Billionaire Eike Batista Tries To Repurchase Porto do Açu That Once Belonged Entirely To MMX, A Company Of The EBX Group

Also Read

MMX, Eike’s Company, Is Under Judicial Recovery

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

New J.Macêdo factory receives an investment of R$ 300 million, expands pasta production in the Northeast, creates jobs, and boosts the economy in Ceará.

After the announcement of US$ 2 billion for six PSVs, Petrobras may order four RSV vessels in Navegantes in April, with the BID published and Navship mentioned, but awaiting the release of funds.

With 12.4 km over the sea, R$ 10 billion in investment, and 7,000 jobs, the largest bridge in Latin America will begin construction in June in the Bay of All Saints in Salvador.

With 93 companies selling armored vehicles, aircraft, and monitoring systems to 148 countries, Brazil’s defense industry is doubling exports and is on track to break all records in 2026.

Brazil and Sweden finalize a military agreement to jointly train pilots, share experiences with the Gripen fighter, and allow Swedish crews of the KC-390 to train on Brazilian soil over the next two years.

Scientists warn that Earth’s oxygen has an expiration date and that the Sun itself will be responsible for ending the air we breathe by making photosynthesis impossible in about one billion years.

Science reveals that the error in the expansion of the cosmos is not a measurement flaw, but rather a sign that the universe may be hiding new physics capable of changing everything we know.

More than 4.9 million Brazilians live abroad, and those who return face a phenomenon known in science for over a hundred years as return syndrome.