FERRERE advised JBS S.A. on conclusion of the acquisition, through its subsidiary, Seara Alimentos Ltda., of 90% of the Paraguayan poultry producer Granjeros Campo 9 S.A.
The FERRERE team advised JBS on the negotiation and formalization of the share purchase agreement, including a comprehensive tax and corporate legal analysis of the acquired company. FERRERE also handled the merger and acquisition control notification to Paraguay’s competition authority, CONACOM, and is leading that process.
JBS is a multinational global leader in the food industry, headquartered in Brazil and present in more than 20 countries. Seara, active for over 70 years, is a leading food industry operator, with a product portfolio ranging from animal proteins (poultry and pork) to prepared foods, margarines, pizzas, cold cuts, snacks, sausages and vegetable proteins. Its most recognized brands include Friboi, Swift, Pilgrim’s Pride, Seara, Seara Gourmet, Big Frango, Doriana and Delicata.
JBS is part of the J&F business group, and was recently listed on the New York Stock Exchange.
Granjeros Campo 9 is one of Paraguay’s principal poultry producers. It operates under the Pollos Amanecer brand and participates in all stages of the production process, from poultry raising to commercialization of derivative products. Conclusion of the acquisition of Granjeros Campo 9 reaffirms JBS’s commitment in South America and adds an important player to the growing Paraguayan poultry market.
The team advising on conclusion of the transaction was led by Verónica Franco, together with Raúl Pereira, Magalí Fernández, Sebastián Vallejos, Tiago Marín and Shamira Bogarín, among others. Partner Erika Bañuelos was in charge of tax issues, together with Tanya Moreno.