JBS Orders More Poultry

JBS Orders More Poultry

Brazil M&A

Brazil’s JBS has agreed to acquire Brazilian chicken products company Agroveneto for about BRL128m ($63m), the company says. The meatpacker will pay BRL10m in shares and take on Agroveneto’s debt. “The acquisition of Agroveneto complements JBS operations in this segment in Brazil,” the company says. The deal was handled with internal advisors, says a person familiar with the matter. Earlier this year, JBS entered the business in Brazil via a lease on three Frangosul – the export brand of French

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial