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JBS denies talks with Marfrig

On May 15, the president of JBS, Wesley Batista, said he is not in talks with Marfrig Alimentos about possible acquisitions. On Tuesday, May 14, Marfrig announced a major restructuring plan to reduce its debt by R$ 2 billion by selling three Seara Brasil units (the location was not disclosed), the closure of four distribution centers in Brazil, and two cattle units in Argentina.
In response to an analyst who asked if there would be any interest in Marfrig's assets, during a conference call to present JBS's results, Batista said that at this time the company is not engaged in any conversations about potential acquisitions.
Later, in an interview with Valor Econômico newspaper, Batista said he could not say whether there is any interest because he does not know what Marfrig wants to sell. "If there were a list of assets, it would be possible to say whether there is any interest in them," he said. He added that if Marfrig closes any assets in Brazil, he believes he will not be interested.
On the market, there are rumors that even before the announcement of the restructuring, Marfrig had talked to JBS, and also Tyson Foods.

Information provided by Valor Econômico



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