Brazil's EBX industrial group restructuring may leave its controlling shareholder Exeter Batista approximately $ 170 million in debt up to $ 20 billion of assets, direct knowledge of the situation told Reuters on Thursday, sources.
EBX companies sell assets, such as utility MPX Energia SA's (MPXE3.SA) and iron ore miner MMX MINERACAO the ?METALICOS SA (MMXM3.SA) will allow Bank of Brazil Batista retired his debts.
Restructuring will also cut more than 25% between $ 160 million and 17 billion yuan, sources, who requested anonymity because he was not authorized to speak to the media, his debts with the Abu Dhabi sovereign wealth pulling said.
EBX Group is not immediately available for comment.
 



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