FINANCIERS GET EU APPROVAL TO TAKE OVER BRAZIL MEAT GIANTS
December 1st, 2009
BY KEITH NUTHALL
EUROPEAN Union (EU) regulatory approval has been granted for two Brazilian financial groups taking over major Brazil meat companies JBS SA and Bertin SA. The European Commission gave competition law clearance for the purchase by J&F Participações S.A. (J&F) and ZMF Fundo de Investimento em Participações (ZMF). They would have joint control over JBS and Bertin - global players in the meat processing business, who especially sell produce, process and sell fresh beef (and other meat products) in Brazil and elsewhere worldwide, including ...
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