“Ongoing negotiations for the sale of MPX shares held by him have developed,” the company said.
“He is in an advanced stage of discussions with E.ON regarding an acquisition of a portion of his shareholding in MPX.”
The company did not indicate what portion of those shares the company would acquire, only that the transaction would not result in him leaving MPX control.
MPX also confirmed there were ongoing negotiations concerning a potential capital increase.
“Up to now, no agreements have been executed between the parties,” the company said.
According to an earlier Reuters report, Batista is downsizing his Grupo EBX conglomerate of energy, oil, mining and logistics companies after some of his listed companies lost an average 70% of their value and significantly dwindled his fortune.
He even reportedly went to the country’s largest independent investment bank, BTG Pactual Group, recently to try to drive a turnaround of his businesses and get a funding infusion.
