JBS Advances M&A Converts

JBS Advances M&A Converts


JBS intends to sell up to $2bn-equivalent in local convertible bonds to help finance its acquisitions of Pilgrim’s Pride in the US and Bertin in Brazil. The meatpacker says it is in advanced stages of negotiations with an investor that could buy all of the bonds, or any that remain following a subscription period to a broader investor base. The BNDES has publicly acknowledged its role in investing and lending to both JBS and Bertin in the past years and is seen as the likeliest candidate for suc

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