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Tag Archives Joesley Batista

Beef Cattle, Livestock, Markets, Reuters

JBS to seek damages from founders

Brazil shareholder vote a win for Brazil's BNDES

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Sao Paulo | Reuters — Shareholders in JBS SA on Friday cleared the way for the Brazilian food processor to sue its own controlling stakeholders and certain former managers, a rare victory for shareholder activism in Latin America’s largest economy. The vote was a win for JBS’s top minority shareholder, national development bank BNDES, which […] Read more
Livestock, Reuters

Ex-JBS chair Batista charged with corruption

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Brasilia | Reuters — Brazilian federal prosecutors on Monday charged JBS SA shareholder Joesley Batista, another senior executive of the meatpacking company and a former federal prosecutor with corruption. The charges against Batista, former executive Francisco Assis and former federal prosecutor Marcello Miller were filed before a federal court in Brasilia, prosecutors said in a […] Read more
Livestock, Reuters

Ex-JBS chairman released from jail

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Brasilia | Reuters — A Brazilian federal court on Friday granted the release from jail of Joesley Batista, former chairman of the world’s biggest meatpacker, JBS SA, according to court documents. Joesley Batista, who steered JBS from a Brazilian beef processing firm to a global food conglomerate with major U.S. operations, was expected to be […] Read more
Livestock, Reuters

Brazilian state bank lambastes JBS CEO switch

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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
Livestock, Reuters

JBS brothers test dealmaking skills in Brazil plea deal showdown

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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
Beef Cattle, Livestock

JBS chiefs return to posts

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The CEO and board chairman of the world’s biggest beef exporting firm say they’ve received clearance from a Brazilian federal court to return to their positions, after being ordered off the job last week. Brothers Wesley Batista and Joesley Batista, the CEO and board chairman respectively at Brazilian meat packing giant JBS, were among several […] Read more
Livestock, Reuters

JBS CEO ordered to step aside in Brazil pension fund probe

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Brasilia | Reuters — Brazilian police launched an investigation of fraud at state-run companies’ pension funds on Monday, as a judge ordered dozens of senior financiers and executives away from their firms, including the CEO of the world’s biggest beef exporter. Police carried out five arrests, more than two dozen interrogations and over 100 search […] Read more
Livestock, Reuters

Brazil prosecutors charge JBS board chairman

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Sao Paulo | Reuters –– Prosecutors charged Joesley Batista, chairman of Brazilian meatpacker JBS’s board and president of its controlling shareholder J+F Investimentos, and eight others with crimes against the financial system, sending shares of JBS SA down more than eight per cent on Tuesday. The statement from prosecutors said J+F Investimentos and another subsidiary […] Read more

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