OGX Petroleo & Gas Participacoes sold the stake it held in its only producing asset shortly before filing for bankruptcy.
Brazil
Two Brazilian banks reducing risk with Grupo EBX developments
The collateral provided by Batista and Grupo EBX have helped reduce the bank exposure risk for Banco Santander Brasil and Itau Banco.
Embraer under investigation by US and Brazilian authorities
Embraer under fire for corruption charges in the Dominican Republic. American and Brazilian authorities are determining whether Embraer SA had bribed Dominican Republic officials for the grant of a USD90 million contract for attack planes for the country's armed forces.
OGX agrees to sell natural gas unit stake to private equity firm, E.ON in complex deal
OGX would be parting its 67% stake in OGX Maranhão Petróleo e Gas SA in a multistep deal for BRL344 million or USD156 million.
Banco do Brasil obtains syndicated loan
A USD1 billion syndicated loan was formalized by Banco do Brasil with five international lending institutions.
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The source said China Construction Bank Corp's acquisition of BicBanco would be the easiest step in securing a license to expand in Brazil.
Former billionaire Eike Batista would be selling his coal mines in Colombia to Yildirim Holding for USD 450 million.
OGX would be filing for bankruptcy should it not be able to meet interest payments to bondholders amounting to USD44.5 million.
Petróleo Brasileiro (Petrobas) was reportedly nearing the completion of its Peru-based asset sale to China National Petroleum Corp (CNPC).
Hypermarcas would be repurchasing 40% worth of its USD 750 million outstanding global bonds that would expire on in 2021.
Bunge Ltd CEO is seeking to sell off its 'crown jewels' as depressed prices and operating losses have made the business unprofitable.
Eneva SA, whose main shareholders EON SE and Eike Batista Brazilian utility firm Eneva SA, whose main shareholders are German EON SE and Brazilian mogul Eike Batista, is in discussion with banks and its partners on means to avoid the redemption of USD300 million worth of indebtedness owed by a natural gas company it owns with Batista.
State-owned lender Caixa Geral de Depositos would be selling a 6.11% stake in telecommunications firm Portugal Telecom.
Grupo Financiero Inbursa was in discussions with Standard Bank Group to buy the latter's Brazilian business, sources told Bloomberg.
