Sao Paulo/Brasilia | Reuters –– JBS SA has pulled a planned US$500 million U.S. initial public offering of processed food subsidiary JBS Foods International BV, almost six months after a […] Read more
JBS pulls plan for U.S. unit IPO
Brazilian state bank lambastes JBS CEO switch
Rio de Janeiro/Sao Paulo | Reuters — JBS SA’s weekend move to replace the Brazilian company’s jailed chief executive with his father showed “deviousness” and left in place a situation […] Read more
Brazil police detain JBS CEO
Sao Paulo | Reuters — Brazil’s federal police on Wednesday detained the chief executive of JBS SA, the world’s No. 1 meatpacker, saying he used insider information to avoid hefty […] Read more
Abu Dhabi fund not eyeing bid for JBS, source says
Abu Dhabi/Sao Paulo | Reuters — Shares of JBS SA erased gains on Friday after a source denied that Abu Dhabi sovereign wealth fund Mubadala Development Co. PJSC was arranging […] Read more
JBS scraps reorganization after Brazil veto
Sao Paulo | Reuters — JBS SA has scrapped a program to move some operations outside Brazil after a government agency vetoed the move, sending shares of the world’s biggest […] Read more
Vale fertilizer sale seen on track despite review
Rio de Janeiro | Reuters — Vale SA’s plan to dispose of fertilizer assets remains on track despite a request last week by Brazil’s state development bank, BNDES, to analyze […] Read more
PotashCorp buys stake in Heringer to expand in Brazil
Sao Paulo | Reuters — Potash Corporation of Saskatchewan, the world’s largest fertilizer company by market value, agreed on Monday to pay about $69.8 million for a 9.5 per cent […] Read more
Cutrale-Safra wins takeover battle for fruit producer Chiquita
Sao Paulo | Reuters — Chiquita Brands International agreed on Monday to a US$682 million takeover by Brazilian juice maker Grupo Cutrale and investment firm Safra Group, with the U.S.-based […] Read more
JBS delays food unit IPO amid market slide, sources say
Sao Paulo | Reuters — JBS SA, the world’s largest meatpacker, has put off a plan to raise 4 billion reais (US$1.7 billion) from the initial public offering of its […] Read more
JBS to pursue $1.8B food unit IPO within weeks
Sao Paulo | Reuters — JBS SA, the world’s largest meatpacker, is resuming a plan to raise four billion reais (US$1.8 billion) from the initial public offering of its pork, […] Read more
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