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Ubabef celebrates agreement between JBS and Doux Frangosul

The chief executive of the Brazilian Poultry Association (Ubabef), Francisco Turra, has said the asset lease agreement between Doux Frangosul and JBS is good news, mainly in sorting out the debts for integrated poultry breeders. Doux's suppliers are up to six months behind in getting paid.

"For the sector, it is an important event. The resumption of the company’s operations is a very significant step for the Rio Grande do Sul and the country as a whole," said Turra. "The lease was the best solution, because if it had been a sale there would have to have been a separation of the Doux business in France and in Brazil, and it would have been so simple or fast," added Turra.

Information provided by Agencia Estado




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