Reported 1 day ago
Brazil's JBS has announced the acquisition of a 48.5% stake in Mantiqueira Alimentos, a significant move into the egg sector valued at 1.9 billion reais ($321 million). This partnership will see JBS share control with Mantiqueira's founder, Leandro Pinto, as the company produces around 4 billion eggs yearly and exports to various continents. The deal aims to enhance JBS's diverse global protein platform, pending regulatory approval.
Source: YAHOO