Insights and Stories on JBS

Jun. 21, 2017 at 3:33 pm CDT

Brasilia | Reuters — A Brazilian judge has blocked JBS SA’s planned sale of a South American unit while the attorney general’s office urged the company’s assets be frozen, in signs of fallout from a corruption probe involving the controlling shareholders of the world’s No. 1 meatpacker. Federal Judge Ricardo Leite […]

By Cesar Raizer, Lisandra Paraguassu

Jun. 20, 2017 at 4:23 pm CDT

Chicago | Reuters — U.S. live cattle and feeder cattle futures were mostly lower in a technical selloff on Tuesday, with each declining to the lowest levels in about two months before trimming losses. Broad selling in many commodities, led by crude oil, further weighed on cattle at the Chicago […]

By Michael Hirtzer

Jun. 20, 2017 at 12:18 pm CDT

Sao Paulo/Chicago | Reuters — Brazilian meatpacker JBS SA revealed a major divestment plan Tuesday, putting its Alberta cattle feeding assets and others on the block to cut debt after a corruption scandal raised concerns about its financing costs. JBS, whose controlling shareholder recently agreed to pay a massive leniency […]

By Michael Hirtzer, Tatiana Bautzer

Jun. 16, 2017 at 3:01 pm CDT

Abu Dhabi/Sao Paulo | Reuters — Shares of JBS SA erased gains on Friday after a source denied that Abu Dhabi sovereign wealth fund Mubadala Development Co. PJSC was arranging partners to make a bid for control of the world’s largest meatpacker. A person with direct knowledge of Mubadala’s strategy […]

By Guillermo Parra-Bernal, Stanley Carvalho

Jun. 9, 2017 at 7:05 pm CDT

Sao Paulo | Reuters — Brazil’s federal police on Friday raided the offices of JBS SA to investigate the alleged use of insider information in financial market dealings, pushing shares in the embattled meatpacker to a two-week low. Police said there were indications that JBS and controlling shareholder FB Participacoes […]

By Ana Mano, Paula Laier