Key Developments: JBS SA (JBSAY.PK)
5.25USD
19 Jun 2013
$-0.77 (-12.79%)
$6.02
$5.65
$5.65
$5.25
20,546
10,084
$7.92
$4.90
Latest Key Developments (Source: Significant Developments)
Marfrig Alimentos SA Sells Seara Brasil Unit and Company Holding Zenda Unit to JBS SA
Marfrig Alimentos SA (Marfrig) and JBS SA announced that on June 7, 2013 they signed a contract for the sale to JBS SA by Marfrig of a certain holding in the companies of Marfrig's group that hold Seara Brasil business unit (Seara Brasil) and a 100% stake in the company that holds leather business in the Marfrig's group in Uruguay (Zenda). The value of Seara Brasil and Zenda was set at BRL 5.85 billion. The contract is subject to the approval of the competent authorities, including CADE. Full Article
JBS SA To Pay Up To $3 Billion For Marfrig Alimentos SA-Reuters
Reuters reported that JBS SA will pay as much as $3 billion in cash and assumed debt for the Seara Brasil poultry unit of rival Marfrig Alimentos SA. The final value of the transaction will be between $2.5 billion and $3 billion. Full Article
JBS SA Announces Debentures Issue
JBS SA announced that its Board of Directors on May 29, 2013 approved the issuance of up to 500,000 simple, non-convertible debentures in up to three series, for the public distribution, at the nominal unit value of BRL 1,000, totaling up to BRL 500,000,000. The issue date is July 15, 2013. The debentures of the first and the second series will have the maturity period of five years and the debentures of the third series will be valid seven years. Full Article
JBS SA to Deliberate on Acquisition of Novaprom Food Ingredients Ltda
JBS SA announced that on May 29, 2013 it will deliberate on the acquisition of Novaprom Food Ingredients Ltda and the appointment of APSIS Consultoria Empresarial Ltda to prepare the appraisal report. Full Article
JBS SA Announces FY 2012 Dividend Payment Date
JBS SA announced that on May 14, 2013 it will make the payment of dividend for fiscal year 2012 at the value of BRL 0.05951257 per share. Full Article
BRF Brasil Foods SA Sells Assets to JBS SA
BRF Brasil Foods SA (BRF) and JBS SA announced that through its subsidiary, JBS Aves Ltda, on May 7, 2013 they signed a contract for the sale by BRF of Ana Rech RS Industrial Unit, Biological Assets and Property denominated Granja Andre da Rocha, located in Nova Prata, Rio Grande do Sul state, Brazil, to JBS. JBS will pay a total of BRL 200 million, of which BRL 120 million for Ana Rech RS Industrial Unit and Granja Andre da Rocha, and BRL 80 million for the Biological Assets. Payment will be done in 50 monthly and consecutive installments of BRL 4 million. Transaction is subject to approval of CADE, among others. Full Article
JBS SA Approves Dividend Payment
JBS SA announced that on April 26, 2013 it approved the dividend payment in the amount of BRL 170,748,202.70, corresponding to BRL 0.05951 per ordinary share, to be paid out on May 14, 2013. Shares will be traded ex-dividend as of April 29, 2013. Full Article
Council for Economic Defense Imposes Fine on JBS SA
JBS SA (JBS) announced that Administrative Council for Economic Defense (CADE) on April 17, 2013 unanimously approved the 12 operations of purchases and leases made by the Company between 2009 and 2012 and submitted for analysis.Thus, all the incorporated units will continue to be administered by the Company without any kind of constraint. Besides approving the operations, JBS signed a Statement of Performance Commitment (TCD) with CADE. In this term, JBS is committed to inform CADE on all future operations of purchase and lease which the Company perform within the period 30 months from the date of April 17, 2013. Because of the fact that there were untimely submissions of lease cases held by the Company, CADE decided to impose a fine in the amount of BRL 7.38 million. This amount will be fully paid by the Company. Full Article
JBS SA to Deliberate on Dividend Payment
JBS SA announced that on April 26, 2013 it will deliberate on the dividend payment in the amount of BRL 170,748,202.70, corresponding to BRL 0.05951 per ordinary share, to be paid out on May 14, 2013. Shares will be traded ex-dividend as of April 29, 2013. Full Article
JBS SA Announces Pricing of USD 275 Million Senior Notes Through Wholly-Owned Subsidiary
JBS SA announced, following information disclosed to the market on January 30, 2013, pricing through its wholly-owned subsidiary in Austria, ESAL GmbH, of 6,25% senior unsecured notes due 2023 in the total amount of USD 275 million. Full Article
Fitch Comments on Marfrig's Proposed Sell-Off
(The following statement was released by the rating agency) NEW YORK, June 12 (Fitch) Fitch Ratings views positively Marfrig Alimento S.A.'s (Marfrig) announcement that it will sell to JBS S.A. (JBS) certain Seara assets. This transaction, which is subject to the approval of CADE, the Brazilian antitrust authority, would result in JBS assuming BRL5.85 billion (USD2.9 billion) of Marfrig's bank debt with maturities between 2013 and 2017. Fitch views it likely that the closing of the transact
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