Brazilian regulator says Minerva can proceed with the purchase, but the deal still depends on a court ruling being overturned
Tag: JBS
Posted inDaily Brief
Court blocks JBS’ sale of Mercosur assets
Lower court ruling suspends the Brazilian meatpacker’s sale of assets in Argentina, Paraguay and Uruguay to rival firm Minerva
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JBS outlines asset sales
Brazilian meatpacker looks raise up to $1.8bn from offloading non-core holdings, including dairy and prepared foods businesses
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J&F peddles Eldorado stake
Brazilian holding company enters exclusive talks with Chile’s Arauco for a controlling share in the pulpmaker
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S&P downgrades J&F, JBS, Eldorado
Brazilian holding company and two of its subsidiaries cut to B- from B+ due to corruption investigations
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Moody’s downgrades JBS
Rating agency says the risks of future litigation could impact liquidity and market access for the Brazilian meatpacker
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JBS unloads LatAm assets
Minerva agrees to spend $300m for its fellow Brazilian meatpacker’s businesses in Argentina, Paraguay and Uruguay
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Moody’s downgrades Banco Original
Rating agency cuts Brazilian bank on the risk of contagion from corruption investigations at sister company JBS
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J&F reaches settlement
Brazilian holding company agrees to pay more than $3bn in fines over 25 years to clear corruption allegations
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J&F could resort to asset sales
Brazilian holding company may offload stakes in Alpargatas and Eldorado to save the meatpacker JBS, sources say