JBS Archives - Page 16 of 22 - Manitoba Co-operator

Abu Dhabi fund not eyeing bid for JBS, source says

By GFM Network News June 16, 2017

Abu Dhabi/Sao Paulo | Reuters — Shares of JBS SA erased gains on Friday after a source denied that Abu Dhabi sovereign wealth fund Mubadala Development Co. PJSC was arranging partners to make a bid for control of the world’s largest meatpacker. A person with direct knowledge of Mubadala’s strategy told Reuters that, despite a

Livestock

Brazil federal police raid JBS on insider trade probe

By Ana Mano, GFM Network News June 9, 2017

Sao Paulo | Reuters — Brazil’s federal police on Friday raided the offices of JBS SA to investigate the alleged use of insider information in financial market dealings, pushing shares in the embattled meatpacker to a two-week low. Police said there were indications that JBS and controlling shareholder FB Participacoes SA gained an unfair advantage

Livestock

JBS says Pilgrim’s Pride stake not for sale

By GFM Network News, Tom Polansek June 7, 2017

Chicago | Reuters — Brazilian meat packer JBS SA’s core U.S. assets, including its majority stake in Pilgrim’s Pride Corp., are not for sale, the company said on Wednesday, a day after announcing a deal to sell Argentine operations. U.S. chicken company Pilgrim’s Pride is critical to JBS’ long-term strategy of pursuing business opportunities that

Livestock, Markets

U.S. livestock: Cattle tumble in technical selloff after contract highs

By GFM Network News, Michael Hirtzer June 6, 2017

Chicago | Reuters — U.S. live cattle futures fell more than one per cent on Tuesday, reversing from earlier life-of-contract highs on pressure from investment fund and technical selling, traders and analysts said. Feeder cattle futures declined by their daily price limit of 4.5 cents/lb. while lean hog futures were mostly one per cent higher

Livestock

JBS sells LatAm units to Minerva

By Ana Mano, GFM Network News June 6, 2017

Sao Paulo | Reuters — JBS SA has agreed to sell plants in Argentina, Paraguay and Uruguay to rival Minerva SA for US$300 million, as the world’s largest meatpacker seeks cash to weather a corruption scandal that caused a spike in funding costs. JBS will use proceeds from the transaction to cut debt, according to

Beef cattle, Livestock

JBS parent to pay record fine in leniency deal

By GFM Network News May 31, 2017

Brasilia/Sao Paulo | Reuters — J+F Investimentos, controlling shareholder of the globe’s largest meatpacker JBS SA, agreed to pay a record-setting 10.3 billion real (C$4.3 billion) fine for its role in corruption scandals that threaten to oust President Michel Temer, Brazilian prosecutors said. The settlement means that Brazil’s three-year sweeping graft investigations have now led

Livestock

JBS scandal might reduce Brazil meat supplies, industry group says

By Ana Mano, GFM Network News, Roberto Samora May 27, 2017

Sao Paulo/Cuiaba | Reuters — An unfolding corruption scandal involving meatpacker JBS SA may reduce meat supply in Brazil, potentially benefiting rivals of the world’s largest beef exporter, industry group Abrafrigo said. Since the scandal broke, JBS and ranchers have been at odds, with the company deciding to stop buying cattle for cash and producers

Beef cattle, Livestock

JBS shares soar as speculation mounts over crisis fallout

By Ana Mano, GFM Network News May 25, 2017

Cuiaba, Brazil | Reuters — Shares in JBS SA , the world’s largest meatpacker, spiked on Thursday as speculation mounted over its strategy for weathering the fallout from a corruption scandal centered on its owners. The stock closed 23 per cent higher, approaching levels last seen before the graft scandal rattled Brazil a week ago

Livestock

JBS brothers test dealmaking skills in Brazil plea deal showdown

By GFM Network News May 19, 2017

Sao Paulo/Washington | Reuters — The brothers whose deft dealmaking helped build JBS SA into the world’s No. 1 meat processor are testing that talent like never before as they seek a leniency deal with prosecutors after admitting to paying millions of dollars in bribes to Brazilian politicians. JBS and its controlling shareholder J+F Investimentos,

Livestock

Brazil watchdog opens new probes into JBS-related insider trading

By Alberto Alerigi, GFM Network News May 19, 2017

Sao Paulo | Reuters — Brazil’s securities regulator said it launched four new probes against meatpacker JBS SA and other companies controlled by J+F Investimentos on Friday to investigate suspicious trades made before markets were rattled by the revelation of a plea deal by the company’s top executives. In a statement late on Friday, CVM

Daily Network News

Canadian Agricultural Safety Association promotes new vision for farm safety

BASF announces $27M Saskatoon canola breeding facility expansion

Klassen: Weaker fed markets add fear to feeder prices

Tag Archives JBS

Abu Dhabi fund not eyeing bid for JBS, source says

Brazil federal police raid JBS on insider trade probe

JBS says Pilgrim’s Pride stake not for sale

U.S. livestock: Cattle tumble in technical selloff after contract highs

JBS sells LatAm units to Minerva

JBS parent to pay record fine in leniency deal

JBS scandal might reduce Brazil meat supplies, industry group says

JBS shares soar as speculation mounts over crisis fallout

JBS brothers test dealmaking skills in Brazil plea deal showdown

Brazil watchdog opens new probes into JBS-related insider trading

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