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JBS to Buy Stake in Mantiqueira Alimentos at $321mn Valuation
January 28, 2025
Brazil’s JBS agreed to buy a stake in Mantiqueira Alimentos at a valuation of BRL 1.9bn ($321mn). This would also mark its entry into the egg sector. JBS said that it agreed to buy shares of Mantiqueira Alimentos representing 48.5% of the total capital and 50% of its voting shares. JBS would thus share control of the company with its founder Leandro Pinto. JBS currently operates in the beef, chicken and pork segments, besides also salmon and “alternative” plant-based proteins.
JBS’s dollar bonds were trading positive with its 3.625% 2032s up 0.6 points to 88.96, yielding 5.56%.
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