Insights and Stories on JBS

Sep. 26, 2018 at 3:45 pm CDT

Sao Paulo | Reuters — The Brazilian securities regulator CVM said on Wednesday it had rejected a settlement with the world’s largest meatpacker JBS SA and major shareholders in an insider trading case because of the severity of the allegations. Wesley Batista, the former CEO of JBS, and his brother […]

By Carolina Mandl

Aug. 8, 2018 at 11:20 am CDT

Sao Paulo | Reuters – Brazilian meat company Minerva SA plans an initial public offering in Santiago of its units outside Brazil as a way to reduce its debt, according to a securities filing on Tuesday. After a capital increase at its Chilean subsidiary Athena Food, Minerva said it will gather […]

By Carolina Mandl

Jun. 30, 2018 at 12:19 am CDT

Rio de Janeiro | Reuters — Brazilian development bank BNDES is willing to sell its stake in meatpacker JBS SA, one source with knowledge of the matter said on Friday. The development bank had already expressed the intention to sell its stake “for the right price.” But the person, who […]

By Rodrigo Viga Gaier

Jun. 25, 2018 at 6:50 pm CDT

Brasilia | Reuters — Brazilian federal prosecutors on Monday charged JBS SA shareholder Joesley Batista, another senior executive of the meatpacking company and a former federal prosecutor with corruption. The charges against Batista, former executive Francisco Assis and former federal prosecutor Marcello Miller were filed before a federal court in […]

By Reuters

May. 15, 2018 at 1:02 am CDT

Sao Paulo | Reuters — Brazil’s JBS SA, the world’s largest meatpacking company, beat analysts’ estimates for the first quarter and closed a deal to refinance the bulk of its bank debt on Monday. JBS’ net income for the first quarter, 506 million reais (C$179.45 million), was 48 per cent […]

By Reuters