JBS : REACHES AGREEMENT TO SELL CATTLE FEEDING OPERATION ... IN CANADA
July 21, 2017 at 08:29 am EDT
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NOTICE TO THE MARKET
JBS REACHES AGREEMENT TO SELL CATTLE FEEDING OPERATION IN CANADA
JBS S.A. ("JBS" or "Company" - B3: JBSS3; OTCQX: JBSAY) in accordance with the terms of CVM Regulation Number 358, dated January 3, 2002, as amended, communicates to its shareholders and to the market in general that its indirect subsidiary, JBS Food Canada Inc. ("JBS Canada"), has reached an agreement to sell its beef cattle feed yard and adjacent farmland in Brooks, Alberta, Canada, to MCF Holdings Ltd. ("MCF") for $50 million CAD (approximately US$40 million).
Under terms of the agreement, MCF will continue to supply cattle to the JBS Canada beef processing facility in Brooks.
Completion of the transaction is subject to regulatory review and approval.
Any facts regarding this matter considered relevant will be promptly disclosed to the market.
São Paulo, July 14th, 2017.
Jeremiah O'Callaghan Investor Relations Officer
JBS SA published this content on 14 July 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 July 2017 12:29:05 UTC.
JBS S.A. is one of the worldwide producers of beef. The group proposes carved beef and pork as well as prepared frozen products (cooked meats, sausages, mortadella, etc.). Products are marketed with food-processing industrialists, food retailers, supermarkets, restaurants, etc.
JBS also develops manufacturing of poultry products, milk products, leather items, hygiene products, pets foods, canned food activities, etc.
At the end of 2021, the group has over 500 production sites worldwide.
Net sales are distributed geographically as follows: South America (25%), the United States (74.1%) and other (0.9%).