OSX Brasil S.A, the shipbuilding company of Brazil's one-time richest man Eike Batista, said Friday evening it will file for bankruptcy protection in a Rio de Janeiro court, AP reported. The company said on its website that its board of directors agreed Friday to file for bankruptcy protection and that a special meeting of shareholders will be held on Nov. 28 to ratify the decision. Ten days ago, Batista's OGX oil company filed for bankruptcy protection after it failed to reach an agreement to delay payment to holders of $3.6 billion in bonds. According to Vanessa Guerra, an OSX press officer, the shipbuilding company owes the equivalent of $2.3 billion to state and private banks as well as to suppliers. If the court accepts OSX's request, the company will have 60 days to come up with a restructuring plan. Creditors will then have 180 days to decide if they accept the plans. -- SPA 18:00 LOCAL TIME 15:00 GMT تغريد
