Huon Aquaculture shareholders voted on Friday in favour of the takeover deal by Brazilian meat giant JBS.
Former critic of the deal and big shareholder Andrew Forrest eventually backed the deal.
The Foreign Investment Review Board has approved JBS’ takeover plans last week.
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JBS SA has agreed to pay $25 million to commercial beef purchasers that accused the meat-packing company of conspiring with industry rivals to restrict market supply in order to keep prices artificially high. …
The Campo Grande II unit was one of those authorized in March. Built in 2007 and acquired by JBS in 2010, it currently has 2,300 employees and produces 440 tons of meat and 136 tons of hamburgers (or 2.4 million units) every day. In addition to China, the factory can export to the United States, Algeria, Egypt, United Arab Emirates, Argentina, the European Union and Chile, among others. …
Commencing February 21, JBS will be present at the 2021 edition of Gulfood, the largest food trade show of the Middle Eastern market, which is being held in Dubai, in the United Arab Emirates. At the event, the Company will showcase its global and diversified platform for attending to clients in different regions of the world. …
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