JBS May Buy Rivals as Their Margins Decline, UBS Says

Alexander Ragir

Bloomberg

JBS SA gained in Sao Paulo trading after UBS AG said the world’s biggest beef producer may purchase Brazilian rivals because rising cattle prices have left them vulnerable.

Margen, a Brazilian meatpacker controlled by Mauro Suaiden and Geraldo Prearo, missed a payment this month on 169 million reais ($107.3 million) of bonds that may trigger a change in ownership, Valor Economico newspaper reported yesterday. Margen has been hurt this year by rising cattle prices and the European Union restrictions to Brazilian beef, Valor said.

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