GFM Network News


Brazilian state bank lambastes JBS CEO switch

Rio de Janeiro/Sao Paulo | Reuters — JBS SA’s weekend move to replace the Brazilian company’s jailed chief executive with his father showed “deviousness” and left in place a situation of “terrible governance” at the world’s No. 1 meatpacker, the head of state development bank BNDES said on Monday, In remarks to Reuters, BNDES president […] Read more

Cutrale-Safra wins takeover battle for fruit producer Chiquita

Sao Paulo | Reuters — Chiquita Brands International agreed on Monday to a US$682 million takeover by Brazilian juice maker Grupo Cutrale and investment firm Safra Group, with the U.S.-based banana producer going private early next year at the latest. The acquisition is a victory for Brazilian-Lebanese financier Joseph Safra and orange juice baron Jose […] Read more