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JBS buys UK's Moy Park for $1.5bn from rival Mafrig Global Foods

Friday, July 3rd 2015 - 12:43 UTC
Full article 4 comments

Brazil’s JBS, the world’s largest meat packer, has agreed to pay about $1.5 billion for Moy Park, the British unit of rival Mafrig Global Foods. JBS, which has undertaken a massive overseas expansion since 2007, will pay $1.19 billion in cash and will assume Moy Park’s debt totaling £200 million as part of the deal, Marfrig said in a statement. Read full article

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  • Brasileiro

    Just by way of clarification, the two companies, JBS and Marfrig, are 100% Brazilian.

    https://www.youtube.com/watch?v=6LDdozmGTYE&list=FLmXPTu1f8AdGlizWNiASx2A&index=11

    https://www.youtube.com/watch?v=6LDdozmGTYE&list=FLmXPTu1f8AdGlizWNiASx2A&index=11

    And we still have another global company ...

    https://www.youtube.com/watch?v=6LDdozmGTYE&list=FLmXPTu1f8AdGlizWNiASx2A&index=11

    We South Americans can say with certainty that we are world champions in agribusiness!

    Jul 03rd, 2015 - 02:38 pm - Link - Report abuse 0
  • Briton

    Far to many British companies are being sold overseas,

    We need to invest more into our own country.

    Jul 03rd, 2015 - 06:15 pm - Link - Report abuse 0
  • Marcos Alejandro

    Nice picture of a River fan.

    Jul 03rd, 2015 - 09:13 pm - Link - Report abuse 0
  • Brasileiro

    Olá Marcos Alejando. Tutti biene?

    Jul 04th, 2015 - 04:29 pm - Link - Report abuse 0
  • Jack Bauer

    brASSHOLE,
    Sure, they ARE both Brazilian companies.....now what is interesting to note is that Lula's genius son, the one who only 6 or 7 years ago used to clean the crap out the chimps cage at the zoo, has become a JBS partner, through a very large investment made possible by a dubious loan from the BNDES, arranged by his 9-fingered daddy to benefit him, the details of which are not available to the general public.....wouldn't touch their products with a bargepole.

    Am glad to see that you are aware that Brazil's agribusiness is indeed quite formidable, and about the only sector which brings revenue for Brazil, so I have a question for you....that is, if you are capable of answering it :

    What do you think of the fact that it was Lula and the PT who allowed and encouraged the MST, that group of pseudo-farmers financed by taxpayer money, to destroy productive farmland and create social chaos ???

    Your hero once said that the Brazilian agribusiness was too big (??WTF???) and represented too much of Brazil's export revenue....so what did he do ? Instead of incentivating the growth of the other, weaker productive sectors of the economy, he thought it best to clamp down on the agribusiness....what a genius..... and you support him ! (farinha, ou melhor, bosta do mesmo saco).

    Jul 05th, 2015 - 10:44 pm - Link - Report abuse 0

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