Brazilian Tycoon Selling Infrastructure Biz to EIG
August 16, 2013
EIG Global Energy Partners has agreed to buy LLX Logistica, a Brazilian port operator, for as much as 1.3 billion Brazilian reais ($554.9 million). LLX is currently under the EBX umbrella, a holding company controlled by Brazilian energy tycoon Eike Batista. Also eyeing exits are Ontario Teachers' Pension Plan, which bought a 15% stake in the company in July 2007, and Norges Bank, which bought a 5.3% share that August. LLX was founded in March 2007 to develop Brazil's infrastructure, primarily in the port sector.