JBS Archives - Page 12 of 19

JBS to shed U.S. feedlot chain

By Grainews Staff, GFM Network News January 18, 2018

The remaining feedlots in meat packing giant JBS’s Five Rivers Cattle Feeding business, the world’s biggest cattle feeding operation, have found a buyer. JBS on Wednesday announced a deal to sell the U.S.-based assets of Five Rivers to affiliates of New York-based Pinnacle Asset Management for about US$200 million. The deal gives Pinnacle 11 feedlots […] Read more

Livestock, Reuters

Brazil police serving warrants linked to JBS tax probe

By Reuters, GFM Network News December 11, 2017

Sao Paulo | Reuters — Brazil’s federal police are serving 14 search warrants on Monday in connection with a bribery probe implicating meatpacker JBS SA and tax authorities, they said in a statement. The raids are based on plea bargain testimony by JBS executives who suggested that 160 million reais (C$62 million) in bribes were […] Read more

Beef Cattle, Livestock, Reuters

JBS says listing of U.S. unit remains priority

By Reuters, GFM Network News December 7, 2017

Sao Paulo | Reuters — Brazilian meatpacker JBS SA said listing a subsidiary in the U.S. remained a priority, even as two controlling shareholders in the company remain in jail for insider trading and their role in a corruption scandal. The long-planned initial public offering of its processed food subsidiary JBS Foods International BV was […] Read more

Beef Cattle, Livestock, Reuters

Brazil court unfreezes JBS owners’ assets

By Reuters, GFM Network News October 19, 2017

Brasilia | Reuters –– A Brazilian federal appeals court on Thursday granted an injunction releasing assets belonging to the Batista brothers, owners of the world’s largest meatpacker JBS SA, Ticiano Figueiredo, a lawyer representing the defendants, said. A spokeswoman at the appeals court did not immediately reply to a request for comment. On Oct. 6, […] Read more

Beef Cattle, Livestock, Reuters

JBS shuts seven plants in Brazil after asset freeze

By Reuters, GFM Network News October 18, 2017

Sao Paulo | Reuters — Brazilian meatpacker JBS SA shut down seven slaughterhouses in Mato Grosso do Sul after a court-ordered asset freeze affected its operations in Brazil’s second largest cattle-producing state, a press representative said on Wednesday. The world’s largest meatpacking company said in an emailed statement that the plants would stay closed until […] Read more

Beef Cattle, Livestock, Reuters

JBS pulls plan for U.S. unit IPO

By GFM Network News October 16, 2017

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 spree of corruption and food safety scandals in Brazil hurt investor demand for the deal. In a Friday filing with the U.S. Securities and Exchange […] Read more

Beef Cattle, Livestock, Reuters

JBS owners ‘profited’ from inside information, Brazil police say

By Reuters, GFM Network News October 10, 2017

Brasilia | Reuters — Brazil’s police investigation into insider trading by the owners of the world’s largest meatpacker JBS SA has found that they made a profit by taking financial positions before details of their plea bargain deal with prosecutors became public, the head of the probe said Tuesday. Police chief Edson Garutti, told Globo […] Read more

Livestock, Reuters

Brazil’s Supreme Court won’t release JBS brothers

By Reuters, GFM Network News September 22, 2017

Sao Paulo | Reuters — Brazil Supreme Court Justice Gilmar Mendes on Friday denied a request to release from jail Joesley and Wesley Batista, the brothers who control the world’s largest meatpacker JBS SA. The Batistas’ defense challenged the detention of the brothers after their arrest last week by federal police in a probe into […] Read more

Livestock, Reuters

Brazil formally accuses JBS owners of insider trading

By Reuters, GFM Network News September 21, 2017

Sao Paulo | Reuters — Brazil’s federal police on Thursday formally asked prosecutors to bring charges against brothers Wesley and Joesley Batista, the owners of meatpacker JBS SA, for insider trading. The Batista brothers saved as much as 138 million reais (C$54 million) through allegedly illegal market dealings in May, police said. The insider trading […] Read more

Livestock, Reuters

Brazilian state bank lambastes JBS CEO switch

By GFM Network News September 18, 2017

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 of “terrible governance” at the world’s No. 1 meatpacker, the head of state development bank BNDES said on Monday, In remarks to Reuters, BNDES president […] Read more

GFM Network News

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Tag Archives JBS

JBS to shed U.S. feedlot chain

Brazil police serving warrants linked to JBS tax probe

JBS says listing of U.S. unit remains priority

Brazil court unfreezes JBS owners’ assets

JBS shuts seven plants in Brazil after asset freeze

JBS pulls plan for U.S. unit IPO

JBS owners ‘profited’ from inside information, Brazil police say

Brazil’s Supreme Court won’t release JBS brothers

Brazil formally accuses JBS owners of insider trading

Brazilian state bank lambastes JBS CEO switch

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