How Brazil’s JBS became collateral damage in war between billionaires - News Daily

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    • Monday, February 10, 2020

    Home Firstpost How Brazil’s JBS became collateral damage in war between billionaires

    How Brazil’s JBS became collateral damage in war between billionaires

    By Tatiana Bautzer SAO PAULO (Reuters) - A business dispute between the disgraced billionaire Batista brothers in Brazil and the heir to an Indonesian pulp and paper fortune is throwing a wrench in meatpacker JBS SA’s plans to list its international operations in the United States. The dispute stems from a 15 billion-real (2.7 billion pounds) deal in 2017 for Jackson Widjaja, a member of the second-richest family in Indonesia, which Forbes estimates is worth $9.6 billion, to take over Brazilian pulp maker Eldorado Brasil Celulose SA

    The post How Brazil’s JBS became collateral damage in war between billionaires appeared first on Firstpost.



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