Brazilian tycoon Batista's Oleo e Gas says reaches deal with majority of holders of $3.8 bln in bonds

RIO DE JANEIRO Tue Dec 24, 2013 6:35pm EST

RIO DE JANEIRO Dec 24 (Reuters) - Brazilian tycoon Eike Batista's 0leo E Gas Participacoes SA, formerly known as OGX, has reached a deal with the majority of holders in a total of $3.8 billion in bonds, the company said in a statement late on Tuesday.

OGX said the deal will allow the Rio de Janeiro-based oil and gas company to move forward with a restructuring. The company filed for Latin America's biggest bankruptcy protection program in October. (Reporting by Jeb Blount; Editing by Gary Hill)

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