Batista exit from MPX begins breakup of EBX empire

Brazilian billionaire Eike Batista’s EBX Group, a once high-flying industrial conglomerate, began breaking up on Thursday, the latest victim of a decade-long commodities boom that has come to a screeching halt.

Batista, the founder and vital force behind the oil, energy, port, shipbuilding and mining group who branded all his companies with an “X” for “the multiplication of wealth,” stepped down as chairman of MPX Energia, the embattled EBX Group’s most promising company.

via Business feed http://www.scmp.com/business/companies/article/1275856/batista-exit-mpx-begins-breakup-ebx-empire