Eike Batista is having a good week

It’s been very wet in Rio this week … Airport closed due to flooding and general transport chaos..!

Someone I expect is not unhappy though is Eike Batista

Eike Batista is involved in many companies here in Brazil and the actions of the some of his companies is having a positive impact on the others in his Group.  EBX Group was higher today due to an announcement of an agreement with BTG Pactual (BOV:BBTG11) for a strategic cooperation.The oil company Ogx Petroleo ON (BOV:OGXP3) OGX for example in the middle of the day was also up more than 26%, LLX (BOV:LLXL3), logistics, climbed a little less at 12% and MMX (BOV:MMXM3), mining sector, bordered on 15%. This partnership is not only in financial assistance, but also lines of credit and future long-term capital investments.

Not a bad day for him.. and now he is looking to partner up with Petrobras (BOV:PETRA4)

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