Insights and Stories on JBS

Sep. 13, 2017 at 2:18 pm CDT

Sao Paulo | Reuters — Brazil’s federal police on Wednesday detained the chief executive of JBS SA, the world’s No. 1 meatpacker, saying he used insider information to avoid hefty losses related to a plea bargain he signed earlier this year. Wesley Batista, who has been at the helm of […]

By Gabriela Mello, Guillermo Parra-Bernal

Aug. 16, 2017 at 8:30 pm CDT

Sao Paulo | Reuters — JBS SA will proceed with plans to list a U.S.-based unit when market conditions allow, as the world’s No. 1 meatpacker wrestles with a shareholder revolt over the role of the controlling Batista family in a massive graft scandal. In a Tuesday conference call to […]

By Ana Mano

Aug. 15, 2017 at 2:05 am CDT

Sao Paulo | Reuters — JBS SA, the world’s largest meatpacker, on Monday reported second-quarter income that missed estimates as a spike in net financial expenses and its struggling South American operations weighed on results. JBS reported quarterly net income of 309.8 million reais (C$123.6 million), below a consensus estimate […]

By Reuters

Jul. 31, 2017 at 3:24 pm CDT

Sao Paulo / Reuters – JBS SA, the world’s No. 2 food processor, has picked BNP Paribas SA to help sell Moy Park Ltd, which the company has put on the block, a person with direct knowledge of the matter said on Monday. JBS, whose controlling family has been ensnared […]

By Tatiana Bautzer

Jul. 14, 2017 at 5:29 pm CDT

Scandal-plagued Brazilian meat packing giant JBS’s plans to sell off non-core assets will see its major cattle feedlot in southern Alberta sold back to its previous owner. JBS USA announced Friday its JBS Food Canada arm has reached a deal to sell Lakeside Feeders, its cattle feedlot and “adjacent farmland” […]

By Staff