Brazil OSX reaches $1.5 bln deal on OGX contracts termination

RIO DE JANEIRO, Dec 26 (Reuters) - OSX Brasil SA will take a 7.0 percent stake in sister company Óleo e Gás Participações SA after agreeing to convert $1.5 billion of debt into stock, a step key to...

from Reuters: Bankruptcy News http://feeds.reuters.com/~r/reuters/bankruptcyNews/~3/4DqBcvQG4NM/brazil-batista-osx-idUSL2N0K505920131226