The billionaire’s oil company sought shelter from creditors in Rio de Janeiroon Wednesday after failing to seal a deal to restructure part of its $5.1bndebt, Reuters reported.

Batista’s shipbuilding company OSX remains safe for now. It denied in Septemberit was on the verge of filing.

OGX failed to make a bond payment in the same week, but looked to havebought time with an agreement to pay after six months.

If