JBS Archives - Page 15 of 20 - Canadian Cattlemen

JBS scandal might reduce Brazil meat supplies, industry group says

By Ana Mano, 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 […] Read more

Beef Cattle, Livestock, Reuters

JBS shares soar as speculation mounts over crisis fallout

By Ana Mano 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 […] Read more

Livestock, Reuters

JBS brothers test dealmaking skills in Brazil plea deal showdown

By Joel Schectman, Tatiana Bautzer 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, […] Read more

Livestock, Reuters

Brazil watchdog opens new probes into JBS-related insider trading

By Alberto Alerigi, Tatiana Bautzer 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 […] Read more

Livestock, Reuters

JBS delays but does not give up on U.S. IPO plan

By Reuters May 16, 2017

Sao Paulo | Reuters — JBS SA, the world’s largest meatpacker, has delayed but not ditched its plan to list a U.S. subsidiary this year despite a series of investigations targeting the company’s owners, CEO Wesley Batista said Tuesday. A court last week ruled the CEO and his brother Joesley, fellow founder and current JBS […] Read more

Livestock, Reuters

Brazil police probe loans to JBS

By Lisandra Paraguassu, Pedro Fonseca May 12, 2017

Brasilia | Reuters — Brazil federal police are investigating suspected fraud in loans by state development bank BNDES to JBS SA, a police source said on Friday, sending shares of the world’s largest meat processor lower after a series of scandals. Separately, police said earlier on Friday they would detain 37 people for questioning and […] Read more

Livestock, Reuters

JBS mulls delaying IPO of international unit

By Tatiana Bautzer May 10, 2017

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 […] Read more

Beef Cattle, Reuters

Brazil’s JBS to resume slaughtering at six idle beef units next week

By Reuters April 20, 2017

São Paulo/Reuters – The world’s largest meatpacker JBS SA will next week resume slaughtering at six out of 10 beef processing units after sending workers on temporary leave earlier this month, the company said in a statement on Thursday. Another four units will restart operations on May 2 after “reforms, operating adjustments and the modernization […] Read more

Beef Cattle, Livestock, Pasture, Reuters

JBS accused of violating rainforest protection laws

By Anthony Boadle April 1, 2017

Brasilia | Reuters –– The world’s largest meatpacker, Brazil’s JBS SA, has for years knowingly bought cattle that were raised on illegally deforested land, turning a blind eye to regulations meant to protect the Amazon rainforest, Brazil’s environmental regulator has alleged. The accusation comes even as JBS and other meatpackers in Brazil, the top global […] Read more

Beef Cattle, Livestock, Reuters

JBS weighs suspending U.S. IPO

By Reuters March 27, 2017

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 […] Read more

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Tag Archives JBS

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

JBS delays but does not give up on U.S. IPO plan

Brazil police probe loans to JBS

JBS mulls delaying IPO of international unit

Brazil’s JBS to resume slaughtering at six idle beef units next week

JBS accused of violating rainforest protection laws

JBS weighs suspending U.S. IPO

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