JBS S.A. has announced it has entered a definitive agreement to sell its shareholding interest in other subsidiaries that own its beef operations in Argentina, Paraguay and Uruguay to Pul Argentina S.A., Frigomerc S.A. and Pulsa S.A., respectively, entities controlled by Minerva S.A, for a total of $300 million.
The acquisition price is subject to adjustments equivalent to the difference between net working capital and long-term debt at the closing date, which, on March 31, 2017, was
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