Naomi Mapstone – The Financial Times, 06/15/2012
What’s good enough for Eike Batista, the world’s seventh richest man, is good enough for fellow Brazilian billionaire André Esteves.
Esteves’s BTG Pactual, Brazil’s only listed investment bank, on Thursday joined the investment rush into Colombia, Latin America’s second most populous country, with the $51.9m purchase of Bolsa Y Renta, the country’s biggest stock broker.
Batista, as part of his bid to knock Mexico’s Carlos Slim off his perch as the world’s richest man, has invested in Colombian oil, gold and coal. Most recently he announced he is looking to sell an equity stake in CCX Carvao da Colombia, the coal venture he spun off from power producer MPX Energia.