J&F Investimentos takes 100% stake in JBS
After a long negotiation between the Batista and Bertin families that has been going on since 2012, J&F Investimentos, the Batista family's holding company, has acquired a100% stake in FB Participações, which owns JBS. The change in control of the world's largest meat company was completed on the last day of 2013, but only published in the May edition of the Official Gazette after being registered at the Board of Trade. On Friday, JBS announced the change to Brazil's securities commission (CVM).
Information provided by Valor Econômico