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JBS concludes sale of Five Rivers, divestment program

Buyer signs long-term contract to supply cattle to JBS in North America.

JBS S.A. announced March 16 that it has closed the sale of its Five Rivers Cattle Feeding feedlot operations in the U.S. to affiliates of Pinnacle Asset Management LP for approximately $200 million, including the market value of silage and grain inventories. Coupled with the acquisition of the Five Rivers U.S. assets, the buyer signed a long-term contract to supply cattle to JBS in North America.

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