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MercoPress, en Español

Montevideo, April 18th 2024 - 16:19 UTC

Tag: Pilgrim Pride

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

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

    Brazil's BNDES, whose investment arm is JBS' No. 2 shareholder, said it would endorse a civil lawsuit against management and the billionaire Batista family

    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.