Brazil regulator says tycoon Batista manipulated market
RIO DE JANEIRO, March 18 (Reuters) - Brazil's securities regulator said on Wednesday that former billionaire Eike Batista misled the market about shares in power company MPX, now called Eneva SA, as his EBX energy, mining, port and shipbuilding empire collapsed in 2013.
The regulator, known as the CVM, fined Batista 300,000 reais ($93,000) because responses to media reports about a takeover by Germany's E.ON were not clear enough. The case was one of several cases to be decided on Wednesday regarding current and former EBX companies.
($1 = 3.24 Brazilian reais) (Reporting by Stephen Eisenhammer and Juliana Schincariol; Editing by Chizu Nomiyama)
© Thomson Reuters 2016 All rights reserved.