The EBX Group and Newrest Announce the Launch of NRX-NEWREST

RIO DE JANEIRO, March 14, 2012 /PRNewswire/ -- Eike Batista's EBX Group and the Newrest Group, a large player in the international catering market, announce the launch of NRX-NEWREST, a joint venture company. Sebastien Gervais, one of the most experienced executives in the catering sector, has been named CEO of the new company.

NRX-NEWREST will act in airline and railway catering, remote site operations, onshore and offshore operational support, cleaning and hospitality sectors and retail gourmet, among others. The company will provide services to the Brazilian market and will develop a remote industrial kitchen in the Au Superport Industrial Complex.

"We will take this booming market to another level in Brazil. NRX will be known for the quality of its service and products at a competitive price," said Eike Batista, president of the EBX Group.

"We are extremely pleased to be part of this venture with one of the largest private groups in Brazil, bringing knowledge and experience gained in 15 years of operations in the catering segment in 46 countries. We will also offer our service to clients of the Au Superport Industrial Complex, as well as to offshore oil and gas operations in Campos and Santos Basins," said Oliver Sadran, CEO of Newrest.

"We will strive to become one of the major players in this market in Brazil. We will hire, train and cross train more than 1,000 professionals with personal commitment to customer service and quality," said Aziz Ben Ammar, one of the founding partners of NRX-NEWREST.

About Newrest

With revenues of US$ 800 million and 17,500 employees in 2011, the Newrest Group is present in 46 countries and is a provider of catering services and remote site management of large infrastructure and logistics projects. It is the only large company that is active in all catering and related segments. Globally, Newrest is committed to sustainable development, respecting social and environmental values in its activities.

About the EBX Group

The EBX Group is made up of five publicly traded companies listed on the BOVESPA Novo Mercado, the segment with the highest levels of corporate governance: OGX (oil), MPX (energy), LLX (logistics), MMX (mining) and OSX (offshore naval industry). The group is investing US$ 15.5 billion in investments between 2011 and 2012 in Brazil, generating 20,000 jobs. In the next 10 years, the EBX Group will invest US$ 50 billion in the country. The Brazilian business group develops structured projects, focused on state-of-the-art technology and the generation of wealth starting from scratch. EBX mainly invests in infrastructure and natural resources sectors. It also heads up initiatives in the real estate, technology, entertainment and sports sectors. It seeks to overcome inefficiencies in the country and strives to eliminate bottlenecks and stimulate the growth of the Brazilian economy. With headquarters in Rio de Janeiro and activities in nine Brazilian states, the EBX Group maintains offices in New York (USA), Colombia and Chile.

Contact: Maria Fernanda de Freitas, EBX Holding, [email protected]

SOURCE EBX Group