Fund will help pay for JBS acquisitions
22/04/2008
Part of the $ 1.7 billion that Brazilian meat-packing group JBS-Friboi paid for its latest acquisitions is to be financed by an investment fund put together by the National Bank for Economic and Social Development (BNDES) and the Petros (Petrobrás), Funcef (Caixa Econômica Federal Bank) and JP Morgan pension funds.
The total value of the fund is expected to be between $ 823 million and just over $1 billion. Participation in the fund is as follows: BNDES, 45%; Petros and Funcef 25% each; and JP Morgan, 5%.
The total value of the fund is expected to be between $ 823 million and just over $1 billion. Participation in the fund is as follows: BNDES, 45%; Petros and Funcef 25% each; and JP Morgan, 5%.
Share this story:
