reported, citing the Asiancompany.The sale ofthe 40% stake in the two blocks 95 kilometers offshore Rio de Janeiro state,the Tubarao Martelo field, isnt sufficient to chase away the fears on theability of OGX to overcome its complex problems, Valor Economico reported Mondayin its fourth section focused on in individual investors. The shares of OGXplunged 85% for the 12 months ended 30 April, Valor reported. The issue,though, rose 3.1% to close at BRL 1.68 after 21,394 trades on the Sao PauloStock Exchange Monday. The benchmark Bovespa index fell 1.2% to close at 54.447points.Batista, thecontrolling shareholder of OGX, may have to put USD 1bn into the company inorder for it to participate in the 11th round of auctions of areas for oil andnatural gas exploration in the country, O Globo reported Saturday.After fiveyears without an auction, a total of 64 companies from 21 countries havequalified to bid in the auctions, set for Tuesday and Wednesday (14-15 May) inRio de Janeiro, O Globo reported Sunday. The auctions are organized by Brazilsnatural petroleum agency known as ANP.A total of289 blocks will be offered in 11 Brazilian states, according to the O Globoreport Sunday, which cited ANP for the information.If all theblocks, which are offshore and on land, were auctioned at the minimum price, atotal of BRL 627m (USD 312m) would be raised from the ANP auctions this week,according to O Globo. The most optimistic scenario estimates that up to BRL3.7bn (USD 1.8bn) may be raised from the auction of the concessions, accordingto the newspaper. Value USD 1,000m (reported sum of cash needed by OGX). Source DCIDiario Comercio Industria & Servicos, Valor Economico, O Globo. GrupoGTXE seeks smaller heavy equipment parts distributors, could sell stake to funddeal, COO says GTXE Negocios eParticipacoes, a closely held Brazil-based tractors and heavy equipment partsdistributor, is interested in acquiring smaller competitors to expand itsfootprint, said Marcelo Terra, COO and shareholder.The companywould like to acquire competitors for their client portfolios, especially inthe growing West-Central region of Brazil, Terra said. The plan is to activelypursue acquisitions in 2014 and 2015, but they could happen earlier if a goodopportunity arises, the COO added.GTXE had USD80m in revenues in 2012, employs 150 people and has clients in theagribusiness, industrial logistics and mining sectors, Terra said. It isheadquartered in Sao Paulo and has an office in Santos, where Brazil's largestport is located.The companydoes not have M&A advisors and would hire one when it engages in talks,Terra said. GTXE works with some Brazilian law firms but they are not focusedon M&A, he added.GTXE plansto finance acquisitions with its cash flow and could take a loan from thestate-owned development bank BNDES, Terra said. However, depending on the dealvalue, the company could consider a stake sale to finance buys, the COO added.It would be more interesting to sell a stake to a strategic bidder thatbrings a good forward-looking strategic perspective and strengthens itsfootprint in Brazil, than to a financial bidder, he added.GTXE wasfounded in 1995 by Terra and Marcelo Vieira. Each one has a 50% stake. It hasfour subsidiaries: Encopel, which distributes axle differentials andtransmission parts from the Italian