JBS shareholders approve Bertin move
05/01/2010
The shareholders of Brazilian packer and tanning group JBS Friboi have approved merger plans between the company and rival group Bertin.
JBS has said that this move is part of a wider expansion and diversification strategy, which will, among other things, bring about “the largest leather processing operation in the sector”. Their combined capacity for leather production will be 148,500 square-metres a day, they have said.
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