Thursday, September 12, 2013

Reuters: Regulatory News: STXNEWS LATAM-Brazil regulator approves JBS deal for Seara Brasil

Reuters: Regulatory News
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STXNEWS LATAM-Brazil regulator approves JBS deal for Seara Brasil
Sep 12th 2013, 12:44

Thu Sep 12, 2013 8:44am EDT

Brazil's antitrust watchdog Cade on Thursday approved JBS SA's purchase of Marfrig Alimentos SA's Seara Brasil-branded Brazilian processed foods business, without restrictions.

The deal for Marfrig's local poultry and pork unit for 5.85 billion reais ($2.55 billion) in assumed debt was announced in early June. JBS is the world's largest beef producer.

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