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A year and a half after the allegations of Joesley and Wesley Batista were revealed, JBS, the owner of Friboi, regained its strength – and both are richer by R $ 2.5 billion.
Today, the market value of the company – nearly $ 32 billion – is 23% higher than that of May 17, 2017, when Joesley's recordings with President Michel Temer are became public . The stock in the hands of Baptists, who hold 40.6% of the company, now totals $ 13 billion.
One of the largest beef producers in the world, the group also took its name last March. in Operation Flesh, which investigates irregularities and bribe payments to agents of the Ministry of Agriculture.
To contain the crisis and avoid the dismantling of the family empire, Joesley and Wesley left the council of administration of JBS and other companies under the control of the J & F holding company in May 2017. Since then, they have negotiated directly with banks and investors to divest part of their business to earn the money and thus avoid the anticipated recovery of debts of about R $ 20 billion which end until 2020.
Between May and August of last year, Mercosul refrigerators were sold (for Minerva) and Alpargatas (for Itaúsa) . The following month, the brothers sold Eldorado Cellulose (for Paper Excellence) and Vigor (for Mexican Lala) .
When the two brothers were arrested last September, José Batista Sobrinho, Zé Mineiro, father and founder of JBS, took over the command of the company with the support of BNDES, the main partner of the group, with 21.3% of the activities.
The grandchildren Wesley Batista Filho and Aguinaldo Gomes Ramos – also joined the board of directors of the company. Joesley was jailed for six months and his brother five months.
Banks heard by the newspaper "The State of São Paulo" said that several investors had tried to buy the Baptists' stake in JBS, but that the brothers had refused to sell the whole. or part of their stock, even with a high premium offered by newspapers. The objective of these investors is to buy the share of the BNDES
On July 18, Joesley, Wesley and two leaders who donated – Francisco de Assis and Ricardo Saud – will be heard by Minister Edson Fachin of the Federal Supreme Court (STF), at the request of the defense of the defendants.
The Minister will decide whether or not to comply with the decision of the Attorney General's Office to cancel the effects of the allegations, as the owners of JBS have concealed the alleged directions. by former Attorney Marcello Miller at J & F in negotiations, while Miller was still a member of the prosecutor's office.
Redefined Priorities
While JBS's controllers attempt to keep the hearings behind closed doors with the Attorney General's office, the company's management has again scheduled to resume acquisitions and open the capital of JBS in the United States.
After selling several debt-reducing badets over the last 18 months, the company conducted a new badet-to-purchase badysis, but acquisitions this time are complementary to its business segments. The US company Pilgrim & # 39; s, controlled by JBS, is among the companies interested in BRF badets in Europe and Thailand.
The Executive Guilherme Cavalcanti, Financial Director and Head of Investor Relations at Fibria, is the subject of an investigation by the group charged with ordering the IPO. (19659002) With sales of $ 163.2 billion last year, market badysts predict that JBS revenue is expected to end this year at around $ 200 billion. In the third quarter, the group recorded a net loss of $ 133.5 million against a profit of $ 323 R between July and September 2002.
Sales during the same period increased 20.1%. , driven by the resumption of activities in Brazil. This decline reflects the currency effects and JBS's adherence to a tax incentive program. Leandro Fontanesi, an badyst at Bradesco BBI, said JBS 'strong operating performance in Brazil and the US, which accounts for more than 50 percent of the group's sales, boosted JBS's shares. This is not the case of the giant BRF, owner of Sadia and Perdigão, who changed direction in May with the arrival of Pedro Parente, but whose operating results are still mediocre.
The information comes from the newspaper "O Estado de S Paulo."
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