(JBSS.infoinvest.com.br)

JBS mulls delaying IPO of international unit

Sao Paulo | Reuters — JBS SA, the world’s largest meat processor, may postpone the New York listing of a global food processing unit originally expected for the second quarter because of lukewarm investor feedback after a scandal in Brazil, two people with knowledge of the situation said. Executives at Sao Paulo-based JBS were worried



Brazil and the mother of all food fraud cases

As one of Brazil’s main livestock industry competitors Canada will likely gain from this scandal

Brazil, the largest exporter of meat products in the world, faces a food fraud crisis — and it seems federal authorities have been complicit. There’s a lesson here for Canada. Brazilian authorities recently announced they would investigate several companies, including meat-packing giants JBS SA and BRF SA. The companies are accused of bribing licensed inspectors



(JBSsa.com)

JBS weighs suspending U.S. IPO

Sao Paulo | Reuters — Brazil’s JBS SA, the world’s biggest meatpacking company, will decide in coming days whether to suspend listing its overseas operations after a corruption scandal, newspaper Folha de S. Paulo said Monday. A person involved in the deal told Reuters last week JBS had no intention of delaying the US$1 billion

(JBSS.infoinvest.com.br)

‘Operation Weak Flesh’ takes bite out of Brazil’s meat exports

Sao Paulo | Reuters –– Brazil’s meat exports have fallen sharply since a police investigation into alleged bribery of food-sanitation inspectors in the world’s top beef and poultry exporter sparked a wave of trade bans, an industry group said on Friday. Import restrictions by several key importers of Brazilian meat, ranging from China to Europe,


(JBSS.infoinvest.com.br)

JBS suspends Brazil beef output amid import bans

Sao Paulo | Reuters — Brazil’s JBS SA, the world’s biggest meatpacking company, announced on Thursday it had suspended beef production at 33 of its 36 Brazilian plants amid the corruption scandal that has caused some of the country’s biggest export markets to ban Brazilian meats. Agriculture Minister Blairo Maggi said a police investigation, which



(JBSS.infoinvest.com.br)

Brazilian meatpackers slump on import curbs

Sao Paulo/Beijing | Reuters — Fallout from a meatpacking industry scandal in Brazil, the world’s biggest exporter of beef and poultry, widened on Monday as China, the EU, South Korea and Chile curtailed meat imports from the country after inspectors were accused of taking bribes to allow sales of tainted food. With other import curbs

(JBSS.infoinvest.com.br)

Brazil police raid BRF, JBS meat plants in bribery probe

Sao Paulo/Curitiba, Brazil | Reuters — Brazilian police raided the premises of global meatpacking companies JBS SA and BRF SA on Friday, as well as dozens of smaller rivals, in a crackdown on alleged bribery of health officials that could threaten US$12 billion in annual exports. The probe, known as “Operation Weak Flesh,” found evidence