August, 2017 - Buenos Aires, Argentina
Minerva acquires JBS companies in Argentina, Paraguay and Uruguay.
Buenos Aires, August 10th, 2017. Pul Argentina S.A., Frigomerc S.A. and Pulsa S.A., companies controlled by Minerva S.A., a South American leader in the production and sale of fresh beef, live cattle and cattle by-products, with operations also in the beef processing segment, completed on July 31st the acquisition of shares representing 100% of the capital stock of JBS Argentina S.A., JBS Paraguay S.A., Industria Paraguaya Frigorífica S.A. and Frigorífico Canelones S.A., until that date held by JBS S.A. and JBS Handels GmbH, pursuant to the share purchase agreement executed on June 5th, 2017. The purchase price was approximately US$300 million, subject to adjustments under the terms of the forementioned share purchase agreement.