Bank deal helps JBS stabilise $6.5bn debt – for now

Meatpacker JBS SA has reached a deal with its lenders to stabilise the terms of billions of dollars in debt owed by its JBS Brazil unit.

Related Topics

Meat

Related news

Court lifts JBS asset freeze

By Oscar Rousseau

JBS has had its ban on the sale of assets to rival Minerva lifted by a Brazilian court, as the world’s largest meatpacker copes with the fallout from a corruption scandal. 

Brazil’s JBS appoints two executives

By Oscar Rousseau

Meatpacker JBS SA has appointed Gilberto Xandó to its board of directors and Marcelo Proença as global head of compliance.

JBS shareholder to pay huge $3bn corruption fine

By Oscar Rousseau

J&F Investimentos, the holding company of the world’s largest meatpacker JBS, at the heart of a huge corruption scandal, has been fined billions of dollars by Brazilian prosecutors.