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Green Light for JBS Takeover

19 March 2008

BRAZIL - Brazilian beef processing giant JBS Friboi has been given the green light for its takeover of US processor National Beef.

JBS has informed the Commission for Moveable Assets in the Sao Paulo stock exchage, Bovespa, that National Beef's major shareholder, US Premium Beef LLC has approved the sale, which was announced on 14 March.

US Premium beef has more than 2,100 members from 36 states in the US.

TheCattleSite News Desk


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