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Published July 01, 2015, 04:01 PM

JBS says to purchase Cargill pork assets for $1.45 billion

SAO PAULO - Brazilian meatpacker JBS SA said on Wednesday its U.S. division would purchase pork assets from Cargill meat solutions for $1.45 billion, free of debt.

By: Staff Report, Reuters

SAO PAULO - Brazilian meatpacker JBS SA said on Wednesday its U.S. division would purchase pork assets from Cargill meat solutions for $1.45 billion, free of debt.

The deal includes five feed mills and four hog farms, JBS said in a securities filing. The announcement follows a deal announced by JBS on June 21 to purchase Moy Park Ltd, the British unit of rival Marfrig Global Foods SA.

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