JBS improves balance sheet and looks for potential M&As

JBS may begin a new round of mergers and acquisitions, its CFO Guilherme Cavalcanti has revealed.

The firm has refinanced about $5bn of debt due to mature in 2021 and 2022 back to 2026, aimed at reducing JBS’ cost of capital and risk perception in the eyes of investors.

That lower risk shou...

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