JBS Buys Bertin
BRAZIL - Brazilian meat processing giant JBS has bought Brazilian beef processing competitor, Bertin.
18 September 2009
1 minute read
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.
TheCattleSite News Desk
