Sao Paulo | Reuters — Kraft Heinz said Friday it has moved to significantly reduce production at three plants providing restaurant supplies amid the COVID-19 coronavirus outbreak, but its CEO noted the company has added shifts at others to meet demand for packaged foods such as macaroni and cheese. Speaking in a video presentation hosted […] Read more
Kraft Heinz cuts output at three plants, adds mac and cheese shifts
JBS plans U.S. listing as Brazil state bank sells stake
Sao Paulo | Reuters — Brazilian meatpacker JBS SA and state development bank BNDES are planning a simultaneous listing of JBS international operations in the United States and the sale of the bank’s stake in the company, five sources with knowledge of the matter said. Sources close to the company say JBS is working on […] Read more
Brazil’s regulator rejects JBS settlement deal
Sao Paulo | Reuters — The Brazilian securities regulator CVM said on Wednesday it had rejected a settlement with the world’s largest meatpacker JBS SA and major shareholders in an insider trading case because of the severity of the allegations. Wesley Batista, the former CEO of JBS, and his brother Joesley are the largest individual […] Read more
Brazil meat company Minerva plans IPO by Chilean unit
Sao Paulo | Reuters – Brazilian meat company Minerva SA plans an initial public offering in Santiago of its units outside Brazil as a way to reduce its debt, according to a securities filing on Tuesday. After a capital increase at its Chilean subsidiary Athena Food, Minerva said it will gather its operations in Paraguay, Uruguay […] Read more
Cyber-Savvy Farmer
