28 May 2012

Batista's Brazil ~ Economist Maps Eike's EBX...

The latest Economist maps Batista's Brazil...
"Since 2004 he has set up and listed five companies: MPX (energy generation); MMX (mining); LLX (logistics); OGX (oil and gas) and OSX (shipbuilding). A sixth, one of his few non-Brazilian assets, a Colombian coal mine, will be spun off from MPX on May 25th. Together with four unlisted companies in entertainment, precious metals, information technology and property, these make up the EBX empire. (All those Xs are supposed to represent wealth multiplying.) Few have yet made profits. Some were listed before they were much more than an idea. But selling potential has made Mr Batista Brazil’s richest man and the world’s seventh-richest, with a fortune estimated at $30 billion. That’s more than Mark Zuckerberg of Facebook. Mr Batista says he will not be satisfied until he has taken the top spot from Carlos Slim, a Mexican telecoms tycoon."

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