LLX Studies Options, OSX Raises Cash

LLX Logistica is looking at business opportunities or transactions involving its assets and securities, the company says. The firm posted a BRL14.6m ($6.68m) pre-tax loss in the first quarter, having fallen 25% year on year. The news from the Eike Batista-run firm follows a similar announcement from miner MMX Mineracao e Metalicos, which said Monday it was considering selling shares belonging to controlling shareholder Eike Batista or assets. Meanwhile, OSX raised BRL183m from the sale of 4.5m shares at BRL40.14, in an offering to shareholders with preemptive rights which closed Monday. The firm’s shares were up nearly 19% on the day Wednesday, closing at BRL1.59.