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Eike Batista's Flagship Company Has Officially Filed For Bankruptcy

Linette LopezOct 31, 2013, 00:26 IST

Youtube

Out with a bang, that's the least we can say for Eike Batista.

After a year of agonizing losses, after seeing 99% of his $34 billion fortune fall away, the Brazilian tycoon has finally put OGX, his flagship oil and gas company, into bankruptcy proceedings, according to Bloomberg.

More to come as we get it.