Brazil judge halts JBS sale to Minerva

Attorney general orders asset freeze until bank is reimbursed.

The aftermath of several scandals involving JBS S.A. continued to unfold this week when a judge in Brazil on Wednesday suspended the $300 million sale of the JBS beef operations in Argentina, Paraguay and Uruguay to Pul Argentina S.A., Frigomerc S.A. and Pulsa S.A., respectively; these entities are controlled by Minerva.

JBS, the world’s largest meat packer, said in a statement it will take necessary legal measures to appeal the decision. The sale was planned to help the company

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