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$1-billion sale a lifeline for Brazil's fallen billionaire


$1-billion sale a lifeline for Brazil's fallen billionaire

Eike Batista, who lost the title of Brazil's richest man as his fortune shrank by two-thirds in the past year, agreed to sell a stake in power company MPX Energia SA to Germany's E.ON SE for about 2.1-billion reais ($1-billion U.S.). Mr. Batista will ...

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