Batista Said Targeting LatAm Infrastructure

Eike Batista, the Brazilian natural resources entrepreneur, reportedly has plans to raise a new equity fund targeting LatAm infrastructure. Local press reports suggest the fund would aim to raise as much as $10bn to invest in infrastructure, especially those tied to energy exports. Chile, Colombia and Brazil are among the targeted countries, Batista told local press. A spokeswoman for Batista declines to comment, or confirm details. The executive apparently made the remarks on the sidelines of an event in Rio Tuesday evening. Batista’s holdco EBX has controlling stakes in numerous sizable infrastructure and resources companies, many of them still in greenfield mode. OGX, the startup oil explorer acquired large exploration blocks off the Brazilian coast over a year ago. MPX produces power, LLX is a logistics company servicing, among others, MMX, an iron ore mining company. MPX, MMX and OGX are all listed on the Bovespa.