Court suspends bankruptcy of Doux Frangosul
The Court of Rio Grande do Sul (TJ-RS) has suspended the bankruptcy of Doux Frangosul, a chicken processor whose assets are leased to JBS. On April 28, judge Eliziana Perez, of the District of Porto Alegre, had decreed its bankruptcy, with accumulated debts of over R$ 1.5 billion.
JBS leased all of Doux Frangosul's assets in 2012 for ten years.
For JBS, this lease marked its entry into chicken and pork in Brazil. Until then it had operated only in beef.