Nippon Steel hires Mike Pompeo to advise on US Steel deal
Nippon Steel also faces objections from the powerful United Steelworkers (USW) union, which fears the deal could lead to job losses.
Brazilian tycoon Eike Batista’s riches to rags ride is a white-knuckle one.
Eike’s (he prefers to be called by his first name) fortune topped out at an eye-watering $32.8bn in April 2012 when his oil and gas firm OGX’s first wells went into production.
Now the 58-year old is on the hook for debts of at least $1 billion and standing trial on insider trading and market manipulation charges for dumping stock in OGX before anyone else knew that the offshore oil company’s wells were mostly dry.
Rio de Janeiro-based Judge Flávio Roberto de Souza ordered the seizure of more than $500 million of physical assets, including real estate, airplanes and yachts from Batista earlier this month.
The order also covered the assets of his ex-wife Olive Luma and his two sons Thor and Olin, as well as the mother of his third child.
O Globo has published a series of pictures of the remaining Batista belongings from his home in Rio’s Botanical Gardens area.
Among the seized possession is a Lamborghini Aventador LP700-4, model 2012 boasting 700 horsepower, reaches up to 230 miles per hour (350 km per hour)and goes from zero to 100 km/h in just 2.9 seconds valued at US$450,000.
Thousand in cash and foreign exchange, a sculpture, 16 watches and even a Fabergé egg according to the Brazilian paper.
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