JBS Poultry Group Buys into Agrovêneto20 September 2013
BRAZIL - The acquisition of Agrovêneto by JBS Aves is going ahead.
JBS S.A. has informed its shareholders and the market in general that, on 18 September, the Company’s Board of Directors approved the use of 911,485 registered, non-par, common shares issued by the Company and held in treasury as payment for a portion of the price of the acquisition of 100 per cent of the shares issued by Agrovêneto S.A. Indústria de Alimentos (Agrovêneto) by JBS Aves Ltda., a wholly-subsidiary of the Company.
The announcement is made in accordance with the Private Instrument of Purchase and Sale of Shares of Agrovêneto, entered into on 5 March 2013.
It is also in compliance with Rule 358, issued by the Brazilian Securities and Exchange Commission (CVM) on 3 January 2002 and as amended, complementing the Notice to the Market released by the Company on 5 November 2012.
The price of acquisition of Agrovêneto’s Shares did not change due to the external audit process envisaged in the Agreement.
The acquisition of Agrovêneto'’s shares was approved by the Brazilian Anti-trust Authority (CADE) on 13 February 2013, and the sale of the shares held in treasury by the Company as payment for a portion of the shares’ acquisition price was duly authorised by CVM, as recorded in CVM/RJ/2013/565 Proceedings.
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