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VALE Vale Int

3.00
0.00 (0.00%)
20 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vale Int LSE:VALE London Ordinary Share VGG9330F1018 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.00 2.50 3.50 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Brazil's Batista To Raise Capital For Offshore Services

13/10/2009 6:19pm

Dow Jones News


Vale Int (LSE:VALE)
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Brazilian mining magnate Eike Batista intends to open up the capital of his oil offshore-services company, OSX, a company spokeswoman said Tuesday.

According to the company, the idea is to raise up to $3 billion on financial markets by February.

Batista said OSX is worth around $4 billion.

Batista has also said he was taking more interest in gold and had bought two gold deposits in Colombia.

The mining billionaire said he would set up a dedicated gold company called AUX, with initial investment of $2 billion to $3 billion.

Batista made his initial fortune in buying and selling gold from the Upper Amazon region.

Batista is now the owner of mining firm MMX Mineracao e Metalicos SA (MMXM3.BR), logistics company LLX Logistica SA (LLXL3.BR) and oil and gas company OGX (OGXP3.BR), among other assets.

-By John Kolodziejski, Dow Jones Newswires; 55-21-2586-6086; John.Kolodziejski@dowjones.com

 
 

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