Brazilian meatpacker JBS (JBSS3.SA), opens new tab has agreed to buy a stake in Mantiqueira Alimentos, marking the food giant’s entry into the egg sector in a deal that valued Mantiqueira at 1.9 billion reais ($321 million).
JBS said in a securities filing it had agreed to purchase shares representing 48.5% of the total capital stock and 50% of the voting shares of Mantiqueira, meaning it would share control of the company with its founder Leandro Pinto.
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