Brazilian bid for pork producer Swift & Co
JBS-Friboi, the largest producer and exporter of beef
in Latin America, had made a bid for North American meat packer Swift &
It is estimated that the bid will be around $1.5 billion, but JBS-Friboi had
The Brazilian company, which launched its shares on the
local market in April, said in a statement it could offer no further information
about the negotiations, the value or the terms of the bid.
the third largest beef and pork processor in the United States, with annual
sales of about $9 billion. Based in Colorado, it is also the largest beef
processor in Australia.
JBS-Friboi slaughters about 22,600 head of
cattle a day in its 21 plants across eight states in Brazil and five plants in
three provinces of Argentina.
â€¢ Swift & Co
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