Brazil's JBS Concludes Purchase Of Cargill Pork Unit

Brazilian meatpacker JBS SA has concluded its $1.45 billion acquisition of Cargill Inc's U.S. pork assets without any restrictions from regulators, it said on Friday, making it one of the largest meat companies in the United States.

The deal closed on the earlier end of the forecast JBS gave in early July, when officials said they expected antitrust approval of the pork assets to clear within four to seven months. In August, JBS raised $1.2 billion in the syndicated loan market to help fund the acquisition.

The U.S. Justice Department on Friday declined to comment on the deal. JBS USA, a wholly owned subsidiary of JBS SA, did not return requests for comment.

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