GFM Network News


(JBSs.infoinvest.com.br)

JBS to shed U.S. feedlot chain

The remaining feedlots in meat packing giant JBS’s Five Rivers Cattle Feeding business, the world’s biggest cattle feeding operation, have found a buyer. JBS on Wednesday announced a deal to sell the U.S.-based assets of Five Rivers to affiliates of New York-based Pinnacle Asset Management for about US$200 million. The deal gives Pinnacle 11 feedlots […] Read more

(JBSsa.com)

JBS says listing of U.S. unit remains priority

Sao Paulo | Reuters — Brazilian meatpacker JBS SA said listing a subsidiary in the U.S. remained a priority, even as two controlling shareholders in the company remain in jail for insider trading and their role in a corruption scandal. The long-planned initial public offering of its processed food subsidiary JBS Foods International BV was […] Read more


(JBSS.infoinvest.com.br)

JBS still seeks U.S. unit IPO

Sao Paulo | Reuters — 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 Tuesday conference call to discuss second-quarter results, CEO Wesley […] Read more




(JBSsa.com)

JBS aims to shed Alberta feedlot in divestment plan

Sao Paulo/Chicago | Reuters — Brazilian meatpacker JBS SA revealed a major divestment plan Tuesday, putting its Alberta cattle feeding assets and others on the block to cut debt after a corruption scandal raised concerns about its financing costs. JBS, whose controlling shareholder recently agreed to pay a massive leniency fine after becoming embroiled in […] Read more