CADE approves purchase of Agrovêneto in Santa Catarina by JBS
Brazil's anti-trust agency, CADE, has approved, without limitation, JBS's acquisition of Agrovêneto, in Santa Catarina, which operates in the poultry slaughter segment. Estimated at R$ 128 million, the deal was announced in November last year.
The purchase involves JBS Aves, part of the group that operates in the production and marketing of products based on poultry and pork. Being mired in debt, most of the acquisition will involve JBS taking on the company's debts.