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JBS completes purchase of US packaged meat business

Brazil’s JBS, the world’s largest beef processor, has concluded the acquisition of Empire Packing Company – a company that specializes in the processing of packaged beef and pork.

United States JBS

Conagra third quarter sales down, profit forecast up on Covid-19 demand

Convenience food giant Conagra Brands has reported its Q3 financial results and announced it has raised its profit forecast for 2020 as the coronavirus (Covid-19) pandemic sees consumer demand for its groceries and snacks skyrocketing.

ConAgra Financial Results

Chinese pork processor acquires feed firm JMC

Chinese pork processor China Xiangtai Food Co. has agreed to buy a majority stake in JMC, one of the leading feed sales companies in southwest China.

China M&A

Philippines’ regulator approves Korean purchase of PepsiCo operation

The Philippine Competition Commission regulator said that the transaction is not likely to result in a substantial lessening of competition, noting that there are competitive constraints from other participants in the carbonated soft drinks, non-carbonated beverage, and bottled water markets.

South Korea Commercial

Russian poultry firm sold by state-run bank

Russia's state-run economic development institution, the VEB, has closed a deal to sell Ural Broiler – one of the country’s largest chicken producers – to Stavropol Broiler company.

Russian Federation Poultry

PZ Cussons, a hygiene and healthcare company, plans to sell its juice and dairy subsidiary in Nigeria.

FrieslandCampina WAMCO Nigeria Plc, a local subsidiary of the Dutch dairy supplier, Royal FrieslandCampina, is to buy Nutricima, a Nigerian dairy juice and beverage distribution company.

Commercial Nigeria
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