No Batista Bailout as Rousseff Seeks Recovery in Brazil

The selling of Eike Batista’s crumbling commodities empire to investors from Washington to Kuala Lampur signals Brazil has no plans to give its one-time entrepreneurial poster child a second chance.

While the state development bank lent more than 10 billion reais ($4.2 billion) to help the former billionaire start businesses in oil, mining and other industries, President Dilma Rousseff so far has avoided contributing taxpayer money to bail him out. She’s standing by as foreign investors from U.S. private equity firm EIG Global Energy Partners LLC to Malaysia’s Petroliam Nasional Bhd pick up the distressed assets.