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JBS to pay A$1.45b to buy Primo Group

Saturday, November 22, 2014 - 05:50

Sydney

JBS SA, the world's biggest meat producer, said it would pay A$1.45 billion (S$1.6 billion) to buy Primo Group, the largest producer of ham and bacon in Australia and New Zealand.

JBS plans to use the takeover to increase exports to Asia and lift the amount of higher-cost

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