Brazilian Minerva is booming in the quarter: +34,9%. Meanwhile the Batistas brothers sell JBS shares to cash in 124,4 million reals

Earnings increased by 34,9%, to reach top amount: 3,4 billion reals, that is, about 880 million euros. In the same period export sales, which represent over 50% of the overall turnover, increased by 26,8%, while manufacturing volumes went up, on annual basis, to 36,3%, thus exceeding 804,000 slaughtering units. 2017 third quarter has been very positive for Minerva, a Brazilian player in the meat industry, whose industrial and financial business is currently expanding. “Situation has been very floating and competitive – point out from the holding, which runs 26 manufacturing plants, including the ones located in Argentina, Uruguay and Paraguay, bought out by JBS -, though quite fulfilling, in terms of prospective growth, as well”. As for JBS, the Brazilian giant involved in the big Lava Jato scandal, O Globo has lately reported that last June to August Joesley and Wesley Batista brothers sold a number of JBS shares to cash in 124,4 million reals (32,5 million euros). Their control over the holding has therefore turned slightly smaller: at present, the Batistas own 41,9% of JBS shares, compared to previous 42,5%.


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