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The Nexus
BUSINESSJul 23 · 09:48 UTCTHE RIO TIMESJavier Mendoza

Batista Brothers Expand Venezuela Oil Bet With PDVSA Stake

Brazil's Batista brothers, through their firm Fluxus, acquired a 49% stake in a PDVSA oil joint venture in Venezuela. This move is part of expanding their investment as US sanctions against Venezuela ease.

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Batista brotherspersonFluxusorganizationPDVSAorganizationVenezuelaplaceUnited Statesplace
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