GS Grows OSX Position

Goldman Sachs has acquired shares of OSX and reached a 5.22% stake in the Eike Batista-controlled shipbuilder, OSX says. The Goldman Sachs International entity bought an undisclosed amount of shares September 3. The move comes as OSX shares have lost more than 90% this year, with the company facing the uncertainty of the survival of its main client, fellow EBX company OGX. Holders of more than half of OSX’s bonds have organized and hired Bingham McCutchen to advise, as they prepare for a possible restructuring.