IEG Vu is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

JBS buys Tyson Foods's poultry operation in Brazil and Mexico

JBS SA, with its subsidiary Pilgrim's Pride, has bought Tyson Foods's poultry operations in Mexico and Brazil. The operation in Mexico will be acquired by Pilgrim's, whose majority shareholder is JBS USA, a wholly owned subsidiary of JBS SA, while the operation in Brazil will be acquired by JBS Foods, a wholly owned subsidiary of JBS SA.

In a statement to the market, the company said it will pay US$ 575 million for the acquisition, of which US$ 400 million is for the operation in Mexico and US$ 175 million is for the operations in Brazil. Both transactions will be paid in cash and are subject to the approvals of the relevant regulatory authorities.

JBS and Tyson were last month in competition to buy Hillshire Brands. Tyson Foods won with a bid of US$ 63 per share, in a total of about US$ 8.5 billion.

Information provided by Valor Econômico
 

Topics

What to read next

UsernamePublicRestriction

Register

CO194709

Ask The Analyst

Please fill in the form below to send over your enquiry or check the Ask The Analyst Page to find out more about the service

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel