JBS Buys Bertin

The two companies have established a new holding company in which JBS would put all their stock and Bertine a 73.1 per cent stake.

In a stock market statement JBS and Bertin say the new company would be on a 60:40 equity split.

The two companies are at present examining the best structure for the company although JBS is in teh advanced stages of negotiating a $2.5 billion capitalisation for JBS USA Holdings.

The link up between JBS and Bertin is subject to Brazilian and international anti-trust approval.

ThePigSite News Desk

Sign up for our
regular news updates

Related news items:

•    Livestock Company Opens Feed Factory
•    EU Sets New MRL for Altrenogest
•    Bill for Grocery Adjudicator Needed Urgently
•    Pork Commentary: Russia Hog Prices Real Strong
•    New Report Reveals Use of Irradiation in EU Foods

Related News Categories: Government & Regulatory, Company/Products, Processing

Sign up for our
regular news updates

More of the latest Pig Industry News

•   Swine Vesicular Disease Reported in Italy
•   Improved Profits Projected for Pork Producers
•   Breeding Success and Maximising Returns
•   Update on PRRS Elimination from AASV
•   Farm Produce Prices Fall on Waning Demand
•   CME: Forecasts Revised as Droughts Damage Crops
•   Project on Gender–Sorted Semen Ended
•   Italian Pork Prospects Poor; Irish Forecasts Positive
•   Pig Dung Used for New Fish Feed Made of Flies
•   EU Pig Prices: Demand from Slaughter Companies