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March 19, 2013

Bloomberg: #Brazil Billionaire #Batista Said to Face Collateral Calls

The house of cards seems to be collapsing...

Eike Batista, the Brazilian billionaire whose oil-company shares fell to a record low last week, is close to selling a stake in MPX Energia SA (MPXE3) as he faces demands from creditors to boost collateral, people with direct knowledge of the matter said.

To read the entire article, go to http://bloom.bg/16Fs9zA

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