Acid on your steak? A Brazilian probe of the industry could hurt the IPO prospects of JBS.
By: Gerson Freitas Jr. & Jessica Brice
Article Reprint
Not long ago, JBS SA was in the vanguard of Brazil’s global ambitions, transforming itself into the world’s largest meat producer by snagging overseas rivals in a decade-long, $20 billion acquisition spree. Now, just as Brazil is mired in recession and a seemingly endless corruption scandal, JBS is facing a crisis of its own.