October 3, 2011
Brazil’s JBS says it is not contracting financing for a merger with domesti
Brazil’s JBS says it is not contracting financing for a merger with domestic peers Marfrig and Minerva. The denial comes after speculation that such a move was in the works, with government officials expressing concern over such a gigantic single player in the country’s meatpacking sector. Minerva also says it is not involved in any negotiations with peers.