Reuters: Bankruptcy News: STXNEWS LATAM-Batista cut OGX stake to 50.2 pct in September -filing

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STXNEWS LATAM-Batista cut OGX stake to 50.2 pct in September -filing Oct 9th 2013, 20:45 Wed Oct 9, 2013 4:45pm EDT Brazilian tycoon Eike Batista cut his stake in oil company OGX Petróleo e Gás SA to 50.2 percent from 52.5 percent in two sales in September, the company said in a securities filing on Wednesday. Batista sold 74.8 million shares in two tranches, the statement said: 39 million shares at 0.38 reais a share on Sept. 2 and 35.8 million at 0.42 reais a share on Sept. 9, raising 29.7 million reais ($13.4 million). On Sept. 4 Batista, whose OGX stock has lost more than 90 percent of its value in the last year, said a planned round of OGX stock sales would cut his controlling stake to no less than 50.01 percent.

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