File photo of Eike Batista, chairman and CEO of EBX Group, being introduced as one of the world’s wealthiest men at the Milken Institute Global Conference in Beverly Hills

Brazilian Eike Batista, chairman and CEO of EBX Group, gestures as he is introduced as one of the world’s wealthiest men, prior to the “Global Overview: Shifting Fortunes” lunch panel discussion at the Milken Institute Global Conference in Beverly Hills, California in this April 30, 2012 file photo. Debt-ridden Brazilian tycoon Batista is accelerating the breakup of his tottering energy, port and mining empire, ceding control to new investors as some of the companies he founded scramble for fresh capital. With cash holdings plunging and Batista’s own fortune largely earmarked to guarantee Grupo EBX’s estimated $11 billion in debt, the companies in his group face the choice of trimming capital spending or reducing their size to stay afloat. REUTERS/Fred Prouser/Files (UNITED STATES – Tags: BUSINESS)