RIO DE JANEIRO, BRAZIL – A Rio de Janeiro court declared Wednesday the bankruptcy of MMX Minerao e Metlicos, the mining company controlled by former Brazilian tycoon Eike Batista, who was once considered the seventh richest man in the world before his conglomerate collapsed.
The Sixth Civil Chamber of the Court of Justice of Rio de Janeiro rejected a request by the mining company to revoke the decision that had declared unfeasible the recovery process filed by the company after it filed under the Bankruptcy Law.
The court, considering that the company has no way to pay its debts . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here
Read the full article at: https://riotimesonline.com/brazil-news/rio-de-janeiro/brazilian-former-tycoon-eike-batistas-mining-company-declared-bankrupt/
