Brazil's meats giant JBS plans no further acquisitions; about 80% of debts in dollars

Friday, March 13th 2015 - 13:24 UTC

Full article 3 comments

Brazilian meats giant JBS SA plans to focus on Australia, U.S. pork operations and its processed foods division under a 2015 strategy focused on “organic expansion” rather than acquisitions, CEO Wesley Batista said on Thursday, and estimated that between 2.5 billion to 3 billion reais (806 million/967 million dollars) in capital investment will be needed this year to support the strategy. Read full article

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ChrisR
This guy should be running the country after they have shot the existing bunch of PT crooks.

At least he understands money and risk, words that seem to have passed the PT by.
Mar 14th, 2015 - 01:23 pm - Link - Report abuse 0
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Tik Tok
JBS is another corruption scandal waiting to happen, fueled on cheap loans (incredibly market distorting practice in terms of true competition for bank financing and its effect on the meat industry competition) in return for donations back to the political powers.
Mar 14th, 2015 - 05:14 pm - Link - Report abuse 0
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ChrisR
@ 2

Oh dear!

But why am I not surprised? In any corrupt to the core society as Brazil has turned out to be, those companies who lead the pack HAVE to be corrupt to grow and 'prosper'.
Mar 14th, 2015 - 06:56 pm - Link - Report abuse 0
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