KUALA LUMPUR: Brazilian oil and gas company OGX Petroleo e Gas Participacoes S.A (OGX) is reported to be seeking at US$250mil from investors, including Petroliam Nasional Bhd, to avert bankruptcy.
Bloomberg reported on Monday the capital injection for OGX would be part of a restructuring in which the ailing company would ask bondholders to convert US$3.6bil of debt into OGX stock.
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