National Ag News
Brazilian meatpacker JBS plans to sell $1.8 billion in assets
Jun 22, 2017, 17:05 PM
by
System
Troubles continue for Brazilian meatpacking company JBS SA amid the ongoing corruption probe. Earlier this week a Brazilian judge blocked the company’s planned $300 million-dollar sale of a South American Unit to a rival company, Minerva SA, over concerns the sale would hinder the corruption investigation.
In a separate decision, Brazil’s attorney general has urged state auditors to freeze assets of JBS and the Batista brothers, who own more than 40 percent of JBS S.A.’s shares.
