HOME > Business

After receiving help from Esteves, Eike seeks Petrobras.

One day after the announcement of the partnership between the EBX Group, owned by the Brazilian billionaire, and BTG Pactual, owned by André Esteves, Eike Batista went to President Dilma Rousseff seeking Petrobras' support for his projects.

After receiving help from Esteves, Eike seeks Petrobras.

247 Petrobras is currently the focus of billionaire Eike Batista. One day after... partnership announcement Between the EBX Group and BTG Pactual, owned by André Esteves – which helped Eike's companies increase their market value by R$ 2,5 billion – the Brazilian businessman went to President Dilma Rousseff to ask for Petrobras' support for his projects.

According to a report by Valor Econômico, one possible business deal with the state-owned company could include the sale of floating production, storage and offloading (FPSO) platforms already ordered by OGX from OSX, all companies owned by Eike Batista, but which may not be needed if the group's oil company does not find oil.

The second deal would be the lease of an area in the port of Açu, under construction in Rio de Janeiro, for oil tankers and port vessels. A third possibility would be the sale of assets from other companies. The impression is that, in some way, the businessman is seeking to rescue the state-owned company. "It could be anything," said an executive, according to Valor.

Eike Batista's recent attempts to keep his businesses afloat – such as his relentless pursuit of credit from BNDES (read more at Eike could be the next bombshell for BNDES.These figures demonstrate the businessman's current lack of credibility and the dire situation he finds himself in today. On the stock market, his shares have become worthless.