Portuguese 
English 
Spanish 
3 min of reading 
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
- Shipbuilding: Bidding for Petrobras’ P-78 and P-79 Platforms is Contested Only By Asian Shipyards
- Ethanol Plant Opens Recruitment and Selection for Many Positions at Elementary, High School, Technical, and Higher Education Levels
- 100 Job Openings for Elementary School Level as ASSISTANT for Construction Works, Opened by the Builder Tenda
- The National Leader in Power Generation, Eneva, Wins Bid and Acquires 7 Onshore Blocks from Petrobras in Amazonas
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.
-
The nuclear submarine that never arrives: The Álvaro Alberto project has accumulated 47 years of development, R$ 40 billion spent since 2008, and may now be delayed until 2037 due to a lack of R$ 1 billion in the Brazilian Navy’s coffers.
-
Portonave is investing R$ 2 billion to modernize the Port of Navegantes and accommodate ships up to 400 meters, but the project depends on the federal government deepening the channel from 14 to 17 meters, a concession that is at the TCU.
-
At 30, 40, or 50, starting over is no longer an exception: 7 high-demand areas in Brazil value experience, business acumen, and digital proficiency
-
Pork fat discarded by Brazilian meatpackers becomes an unexpected solution to replace petroleum-derived greases and lubricants, reducing friction by 54% in laboratory tests and raising an alert in a US$60 billion global market still dependent on mineral oil.
Currently, Porto do Açu is managed by Prumo Logística, which is responsible for 25% of Brazilian oil exports. In operation since 2014, the port, industrial, and energy generation enterprise consists of 13 companies – 7 independent and 6 subsidiaries of Prumo.
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.
Be the first to react!