JBS board approves acquisition of Frinal for R$ 103.5 million
On January 16, the board of JBS approved the acquisition of a 100% stake in Frinal SA - Frigorífico e Integração Avícola - for R$ 103.5 million, subject to adjustments. The deal was done by JBS Aves, a subsidiary of JBS. The deal must also be approved by Brazil's antitrust body, CADE.
Also approved were the company's multi-year business plan 2014's budget, as well as its financial risk and commodity management policy.