Brazil’s Eike Batista Signs Deal With IBM

Brazilian billionaire businessman Eike Batista on Wednesday unveiled the latest in a series of high-profile partnerships, bringing U.S. technology behemoth International Business Machines Corp. into his burgeoning industrial empire.

IBM has agreed to buy a 20 percent stake in Batista’s SIX Automacao, a company that specializes in providing technology services to sectors including oil and gas, mining, naval construction, naval ports and others, said EBX, Mr. Batista’s holding company. The partnership will allow SIX to move into the industrial technology solutions market, and establish joint research and development capabilities for EBX Group companies, it said.

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