Brazil’s JBS SA has agreed to sell its feed lots in Canada and an adjoining farm to MCF Holdings Ltd for $40 million, the company said in a securities filing on Friday.
According to the terms of the agreement JBS’ subsidiary Food Canada Inc. signed, MCF will continue to supply cattle to JBS Canada’s unit in Brooks, the filing said. On June 20, after its controlling shareholder paid a record fine for involvement in corruption, JBS announced the intention to sell $1.8 billion in assets, including its U.S. cattle feeding operation.
By Tatiana Bautzer
Source: Reuters
Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.
The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.
The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.
