JBS communicates that its controlled entity Seara Alimentos Ltda. signed, on April 25, 2019, with Adelle Indústria de Alimentos Ltda. and other guarantor parties, a Sale and Purchase of Assets and Other Adjustments’ Agreement to acquire a pork processing plant, including its integration system, located in the city of Seberi, state of Rio Grande do Sul.
The acquisition price of the assets is R$ 235 million and will be paid by Seara as follows: (i) R$ 80 million through a transfer of the Frederico Refrigerated Pork Plant, located in the city of Frederico Westphalen, state of Rio Grande do Sul; (ii) R$ 115 million through debt assumption; and (iii) R$ 40 million in local currency.
The conclusion of the transaction is subject to the approval of the Brazilian Antitrust Authority, amongst other usual conditions.
April 26th, 2019 - JBS