OSX becomes second Batista company to file for bankruptcy

By using Sabrina Lorenzi RIO DE JANEIRO (Reuters) – Brazilian shipbuilder OSX Brasil SA filed for bankruptcy protection on Monday, becoming the second company controlled via former billionaire Eike Batista to searching for court safety from collectors in simply over a week. The move, demonstrated with the aid of the corporate rapidly after a source informed Reuters the submitting used to be underway, follows a decision by way of the OSX board on Friday to pursue bankruptcy court cases. The petition was once made to the same court in Rio de Janeiro the place Batista's oil company OGX Petróleo e Fuel Participações SA sought safety from collectors on October 30. OGX is the shipbuilder's most effective giant purchaser and filing the OSX petition at the similar court in effect asks the choose to consider the two instances together.