Brazil’s JBS considering slew of acquisitions

Sao Paulo | Reuters –– JBS SA, the world’s largest meat packer, is ready to take on a slew of acquisitions next year, chairman Joesley Batista said Tuesday.

The Brazilian company controls assets in the U.S., Canada, Australia and other countries. Batista, speaking on the sidelines of a telecommunications industry event in São Paulo, declined to elaborate on potential takeover targets.

Shares of JBS rose following Batista’s remarks, gaining 1.6 per cent to 15.41 reais.

Reporting for Reuters by Luciana Bruno; writing by Guillermo Parra-Bernal.

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