Tag: JBS Foods International Inc

• Thursday, July 4th 2019 - 19:13 UTC

  Brazilian leading meat processor is “buying cattle from ranchers operating on deforested land”

  

  Brazilian food processor JBS SA has been buying cattle from ranchers operating on deforested land in the Amazon that the government had said must not be used for grazing, a newspaper report said on Tuesday.

• Monday, March 19th 2018 - 08:45 UTC

  Brazil's giant meat packer JBS sells feed-lot assets in several US states

  

  It took about eight months, but Brazil's giant meat packing industry JBS is finally free of its Five Rivers Cattle Feeding operations. The Greeley-based company in Colorado had planned since last June to sell its massive cattle feeding operations, which span six states including Colorado. The deal became final and closed on Friday.

• Thursday, September 14th 2017 - 06:57 UTC

  Brazilian billionaire brothers detained for suspected inside trading

  

  Brazil’s federal police detained the CEO of JBS SA, the world’s No 1 meatpacker, saying he used insider information to avoid hefty losses related to a plea bargain signed earlier this year. Wesley Batista, who has been at the helm of JBS since 2011, was detained under an arrest warrant against him and his younger brother Joesley Batista for suspected insider trading.

• Friday, September 1st 2017 - 13:34 UTC

  Meat packing giant JBS names independent advisory board for its US branch

  

  JBS USA, a unit of São Paulo, Brazil-based meat packing giant JBS SA, has formed an independent advisory board that will provide counsel to the company’s executive leadership on corporate governance, government and regulatory affairs and other matters.

• Sunday, August 20th 2017 - 13:14 UTC

  Batista family, Brazilian meatpacker JBS main shareholder face several civil lawsuits

  

  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 conference call to discuss second-quarter results, CEO Wesley Batista said JBS Foods International Inc could be listed by the end of next year, once parent JBS finalizes 6 billion Reais (US$1.9 billion) in asset sales to cut debt and restore investor confidence.