JBS Reportedly Signs $150 Million Deal to Buy 80% Stake in Omani Food Business

MT Newswires Live

02/09

JBS (JBS) has agreed to acquire an 80% stake in an Oman-based food company with a $150 million investment, news outlets reported Sunday.

Oman Food Capital will reportedly retain a 20% stake in the business, which processes poultry, beef and lamb.

Production is projected to start within six months for beef and lamb, and in a year for poultry, Reuters reported.

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