Insights and Stories of Guillermo Parra-Bernal

JBS pulls plan for U.S. unit IPO

Oct. 16, 2017 at 5:04 pm CDT

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 […]

Brazilian state bank lambastes JBS CEO switch

Sep. 18, 2017 at 6:55 pm CDT

By Guillermo Parra-Bernal Rodrigo Viga Gaier

Brazil police detain JBS CEO

Sep. 13, 2017 at 2:18 pm CDT

By Gabriela Mello Guillermo Parra-Bernal

Abu Dhabi fund not eyeing bid for JBS, source says

Jun. 16, 2017 at 3:01 pm CDT

By Guillermo Parra-Bernal Stanley Carvalho

JBS scraps reorganization after Brazil veto

Oct. 26, 2016 at 4:18 pm CDT

By Guillermo Parra-Bernal Reese Ewing

Vale fertilizer sale seen on track despite review

Oct. 5, 2016 at 7:24 pm CDT

Rio de Janeiro | Reuters — Vale SA’s plan to dispose of fertilizer assets remains on track despite a request last week by Brazil’s state development bank, BNDES, to analyze the transaction more carefully, according to two people with direct knowledge of the situation. Terms of the deal, which involves […]

By Guillermo Parra-Bernal Tatiana Bautzer

PotashCorp buys stake in Heringer to expand in Brazil

Mar. 2, 2015 at 5:34 pm CST

Sao Paulo | Reuters — Potash Corporation of Saskatchewan, the world’s largest fertilizer company by market value, agreed on Monday to pay about $69.8 million for a 9.5 per cent stake in Brazilian rival Fertilizantes Heringer SA, the latest effort by PotashCorp to grow in Latin America’s largest economy. The […]

By Ashutosh Pandey Guillermo Parra-Bernal

Cutrale-Safra wins takeover battle for fruit producer Chiquita

Oct. 27, 2014 at 7:20 pm CDT

Sao Paulo | Reuters — Chiquita Brands International agreed on Monday to a US$682 million takeover by Brazilian juice maker Grupo Cutrale and investment firm Safra Group, with the U.S.-based banana producer going private early next year at the latest. The acquisition is a victory for Brazilian-Lebanese financier Joseph Safra […]

By Guillermo Parra-Bernal Sruthi Ramakrishnan

JBS delays food unit IPO amid market slide, sources say

Sep. 19, 2014 at 6:00 pm CDT

Sao Paulo | Reuters — JBS SA, the world’s largest meatpacker, has put off a plan to raise 4 billion reais (US$1.7 billion) from the initial public offering of its pork, poultry and food-processing operations in Brazil, two sources with direct knowledge of the decision said. JBS and banks are […]

By Guillermo Parra-Bernal

JBS to pursue $1.8B food unit IPO within weeks

Sep. 3, 2014 at 6:38 pm CDT

Sao Paulo | Reuters — JBS SA, the world’s largest meatpacker, is resuming a plan to raise four billion reais (US$1.8 billion) from the initial public offering of its pork, poultry and food-processing operations in Brazil as early as next month, a source with direct knowledge of the deal said […]