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Tag Archives jbs — page 11

(JBSs.infoinvest.com.br)
Livestock, Markets

JBS posts narrower-than-expected quarterly loss

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Sao Paulo | Reuters — Brazil-based food company JBS SA on Tuesday posted a narrower than expected quarterly loss on the back of a strong performance by its Seara processed foods and Brazil beef divisions, and resilience in certain of its U.S. operations. Seara booked net sales of 4.9 billion reais (C$1.72 billion) last quarter, […] Read more
(JBSs.infoinvest.com.br)
Livestock

Brazil’s regulator rejects JBS settlement deal

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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
Minerva Foods is a producer and marketer of beef, including exports of live cattle. The company is headquartered in Barretos, Brazil. Photo: azgek/iSock/Getty Images
Livestock

Brazil meat company Minerva plans IPO by Chilean unit

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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
(JBSS.infoinvest.com.br)
Livestock

Brazil’s BNDES willing to sell JBS stake

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Rio de Janeiro | Reuters — Brazilian development bank BNDES is willing to sell its stake in meatpacker JBS SA, one source with knowledge of the matter said on Friday. The development bank had already expressed the intention to sell its stake “for the right price.” But the person, who asked for anonymity to discuss […] Read more
(JBSs.infoinvest.com.br)
Livestock

Ex-JBS chair Batista charged with corruption

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Brasilia | Reuters — Brazilian federal prosecutors on Monday charged JBS SA shareholder Joesley Batista, another senior executive of the meatpacking company and a former federal prosecutor with corruption. The charges against Batista, former executive Francisco Assis and former federal prosecutor Marcello Miller were filed before a federal court in Brasilia, prosecutors said in a […] Read more
(JBSs.infoinvest.com.br)
Livestock

JBS beats estimates, refinances bank debt

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Sao Paulo | Reuters — Brazil’s JBS SA, the world’s largest meatpacking company, beat analysts’ estimates for the first quarter and closed a deal to refinance the bulk of its bank debt on Monday. JBS’ net income for the first quarter, 506 million reais (C$179.45 million), was 48 per cent above analysts’ estimates, with higher […] Read more
(JBSsa.com)
Livestock

JBS still keen on U.S. IPO despite scandals

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Sao Paulo | Reuters — JBS SA, the world’s largest meatpacking firm, remains intent on a stock market listing of subsidiary JBS Foods International in the U.S. despite corruption and food safety scandals, executives said on Thursday. In April all of JBS operations will meet U.S. auditing and compliance requirements under the Sarbanes-Oxley Act, JBS […] Read more
(JBSS.infoinvest.com.br)
Livestock

Ex-JBS chairman released from jail

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Brasilia | Reuters — A Brazilian federal court on Friday granted the release from jail of Joesley Batista, former chairman of the world’s biggest meatpacker, JBS SA, according to court documents. Joesley Batista, who steered JBS from a Brazilian beef processing firm to a global food conglomerate with major U.S. operations, was expected to be […] Read more

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