JBS suspends beef operations in Brazil

JBS suspends beef operations in Brazil

Krissa Welshans


A Brazilian court has ordered a freeze on a combined 730 million reais ($230.64 million) worth of assets, causing JBS S.A.to temporarily suspend its beef operations in Mato Grosso do Sul, Brazil. The court’s action was in response to a tax dispute between the state and JBS S.A. and its holding company J&F Investimentos.

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