JBS agrees to buy Australian pork business Rivalea for $135 mln

Brazilian meatpacker JBS SA on Tuesday announced an agreement to buy Australian pork processor Rivalea from Singapore-listed QAF Ltd in a deal valued at A$175 million ($135 million).

 

Brad Haynes, Reuters

via Nasdaq - Jun 8, 2021

 

SAO PAULO, June 8 (Reuters) - Brazilian meatpacker JBS SA JBSS3.SA on Tuesday announced an agreement to buy Australian pork processor Rivalea from Singapore-listed QAF Ltd QAFS.SI in a deal valued at A$175 million ($135 million).

 

In a securities filing, JBS said it had agreed to acquire all shares of Rivalea Holdings Pty Ltd and Oxdale Dairy Enterprise Pty Ltd from food group QAF. The operations account for 26% of hogs slaughtered in Australia...

 

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https://www.nasdaq.com/articles/jbs-agrees-to-buy-australian-pork-business-rivalea-for-%24135-mln-2021-06-08