JBS-Bertin Merger on Track

Although the integration of the operations of Bertin and JBS has not been defined, the management of both companies have said that the final plans should be ratified.

The companies have established a committee from the boards to look into the details of the merger.

However, before it can go ahead JBS will have to find $2.5 billion capitalisation in JBS USA Holdings, in order to avoid any impact in the current indebtedness level of JBS.

The deal will also need the approval of antitrust authorities in Brazil and abroad.

When the deal is concluded, whichever structure is chosen to join the operations of Bertin and JBS, the current controlling shareholders of JBS and Bertin will hold indirect equity participation in JBS, through a new holding.

The managers of JBS said they believe that the integration of the operations of Bertin and JBS will be advantageous to the shareholders of JBS, creating a company that will be the world leader in the animal protein sector and reaffirming the position of Brazil in a highly competitive and globalised market.

ThePigSite News Desk

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