October 4, 2011

 

Brazil's JBS proposes merger with Marfrig, Minerva

 

 

A proposed merger with local rivals Marfrig and Minerva is being sought by Brazil's JBS S/A, according to the Brazilian media.

 

The move has annoyed the Rousseff administration, which does not like the idea of such a concentration in the Brazilian meatpacking sector, the media said.

 

In recent years, JBS has made a number of acquisitions in Brazil and overseas to become the world's number one animal protein company.