SÃO PAULO—The struggling oil company of former Brazilian billionaire Eike Batista on Tuesday said it struck a deal with creditors to renegotiate the firm’s heavy debts, which may be a step toward exiting from bankruptcy protection.
Óleo e Gás Participações SA—formerly known as OGX Petróleo e Gás Participações SA—was the flagship of Mr. Batista’s industrial empire. Shares of the oil company tumbled—and it underwent a financing…
See the article here: Batista’s Oil Company Renegotiating Debts
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