26 de octubre de 2016 / 22:52 / en un año

Brazil's BNDESPar claims JBS reorganization against shareholders' interests

SAO PAULO, Oct 26 (Reuters) - BNDESPar, the equity arm of Brazil’s state lender BNDES, vetoed a proposed reorganization of meatpacking company JBS claiming “it is not in the best interest of the company and its shareholders,” according to a statement Wednesday.

BNDESPar said the reorganization would transfer about 85 percent of the company’s cash generating capability to a foreign entity, “substantially altering the rights and duties of all of the company’s shareholders.” (Reporting by Ana Mano; Editing by Bernard Orr)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below