POST Online Media Lite Edition



 

Brazilian meat producer JBS relocating to Ireland

Staff Writer |
Brazilian food company JBS, the largest meat producer in the world, has outlined a change in its corporate structure that could see assets worth over €30 billion transferred to Dublin.

Article continues below






JBS intends to make Irish company JBS Foods International (JBSFI) the parent company for the global group, which sells meat products in 190 countries worldwide.

JBS Foods International (JBSFI), which has its headquarters at the Docklands' offices of A&L Goodbody in Dublin, will take ownership of all JBS assets, with the exception of those of its Brazilian domestic beef and leather business.

As the new JBS parent company, JBSFI will be run from Hertfordshire (England) and Irish-listed on the New York stock exchange.

JBS - which acquired Northern Ireland poultry company Moy Park for €1.31 billion last year - expects that the move will boost its profile with international investors.


What to read next

Brazil's BRF may reopen plant targeted in corruption probe
Brazil's largest meat processor JBS suspends 33 of 36 plants
Saudi Agriculture and Livestock to buy 19.95% of Minerva