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Exclusive - Brazil judge blocks $300 million JBS asset sale to Minerva
June 21, 2017 / 3:39 PM / in 5 months

Exclusive - Brazil judge blocks $300 million JBS asset sale to Minerva

BRASILIA (Reuters) - A federal judge in Brazil ordered meatpacker JBS SA (JBSS3.SA) to halt the sale of $300 million worth of South American assets to Minerva SA (BEEF3.SA), according to court documents seen by Reuters on Wednesday.

The logo of Brazilian meatpacker JBS SA is seen in the city of Jundiai, Brazil June 1, 2017. Picture taken June 1, 2017. REUTERS/Paulo Whitaker

Judge Ricardo Leite, who sits on a federal court in Brasilia, said the deal to sell JBS beef plants in Argentina, Paraguay and Uruguay could harm the investigation of a corruption scandal ensnaring JBS in Brazil.

Reporting by Lisandra Paraguassu and Cesar Raizer; Writing by Marcelo Teixeira; Editing by Brad Haynes

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