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The Justice suspends the sale of assets of JBS in Paraguay, Argentina and Uruguay

A Brasilia court temporarily suspended the sale of US $ 300 million of the assets that the Brazilian meat multinational JBS has in Argentina, Paraguay and Uruguay, and that Was announced earlier this month, confirmed the company today.

Rio de Janeiro, June 21 (EFE) .- A court in Brasilia provisionally suspended the sale of US $ 300 million of the assets that the Brazilian meat multinational JBS has in Argentina, Paraguay and Uruguay, which was announced earlier this month, confirmed the company.

Federal judge Ricardo Leite, of the 10th Federal Court of Brasilia, Decision that the sale of assets may prejudice the clarification of the facts denounced in the statement of executives of JBS, which sprinkled the Brazilian president, Michel Temer, and numerous In a corruption scandal.

In a statement sent to the market today, the Brazilian company, the world's largest animal protein producer, said it will present " "

JBS had announced the sale of all of the shares of its subsidiaries in Argentina, Paraguay and Uruguay to three companies Controlled by Brazil's Minerva for about $ 300 million.

"I understand that any court decision to release the required shares may be premature, As well as the actual precautionary measures, "the judge said in his decision.

Wrapped in corruption scandals, JBS announced this week the launch of a sales program Of assets with which it expects to raise 6 billion reais (about $ 1,824 million).

In addition to the sale of its assets in Argentina, Paraguay and Uruguay, the Brazilian company Put on sale 19.2% of the shares of the dairy company Vigor Alimentos; As well as those of the subsidiary Five Rivers Cattle Feeding.

The divestment program will involve the reduction of net borrowing, "which will allow" Financial structure, "JBS said in a statement to the financial market yesterday.

The sale of assets is still subject to approval by the Board of Directors. And the prior consent of Bndespar, a subsidiary of the National Bank for Economic and Social Development (BNDES), the country's development bank, which holds 21.32% of the JBS.

The JBS group, one of the world's largest meat exporters, is in need of liquidity to pay off debts and stay in a market that has closed access to credit for Multiple scandals of corruption that spill.

One of them has put the president of Brazil, who was opened by the Supreme Court on suspicion of Corruption.

The investigation is based on the revelations to the Justice of several executives of JBS that, besides accusing to Temer of receiving fines from 2010 and to contribute an explosive and Apparently committed to recording, confessed to having paid bribes to 1,829 politicians from 28 parties.

Related to this issue, the Brazilian Police recorded on June 9 The headquarters of JBS to seek evidence in an investigation into insider trading in stock exchange and exchange operations.

The transaction was carried out in coordination with the Brazilian Securities and Exchange Commission, which has opened nine investigations against JBS for allegedly buying a large amount of dollars and Sold a lot of its shares in the days leading up to the scandal.

Last March, JBS was also the object of the so-called "Weak Meat" operation in Portuguese, Uncovered a mafia of producers who bribed health prosecutors to sell meats in bad condition or adulterated.

Brazilian conglomerate J & F, owner of the multinational JBS, asked Apologize publicly for the wrongful acts committed, by which he agreed with the Public Prosecutor's Office to pay a fine of 10.3 billion reais (about 3.1 billion dollars).

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