Brazilian PE Fund To Acquire OGX Natural Gas Unit

Law360, New York (October 31, 2013, 1:58 PM ET) -- A Brazilian private equity fund and a subsidiary of Germany’s largest utility provider, E.ON AG, on Thursday announced their plans to acquire a stake in a natural gas development unit of the bankrupt OGX Petroleo e Gas Participacoes SA through a multistep process.

Under the terms of the deal, Cambuhy Investimentos Ltda. will contribute 200 million reais ($91.4 million) and E.ON unit DD Brazil Holdings SARL will put forward 50 million reais to take over OGX Maranhao Petroleo e Gas SA, according to a statement from...
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