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nAquaculture entered into the aquaculture field with an agreement on 100% shares of nAquaculture
.
JBS statement shows that the market value of the acquisition agreement is 315 million U.
S.
dollars, or about 1.
6 billion reais
.
The value of the acquired company (including debt) is approximately US$403 million (2.
1 billion reais)
.
It is expected that the agreement will be fully completed by the end of 2021 after it has been approved by all shareholders and the Australian authorities
.
This acquisition marks the entry of JBS business into the fish and aquatic products business field
.
According to JBS, the company is currently the world's second largest food company and the largest protein product company
.
Gilberto Tomazoni, Global CEO of JBS, said: "This strategic move marks JBS's entry into the aquaculture industry, which will not only make our product portfolio more comprehensive, but also aquaculture is expected to become a new growth direction for our business
.
"
S.
dollars, or about 1.
6 billion reais
.
The value of the acquired company (including debt) is approximately US$403 million (2.
1 billion reais)
.
It is expected that the agreement will be fully completed by the end of 2021 after it has been approved by all shareholders and the Australian authorities
.
This acquisition marks the entry of JBS business into the fish and aquatic products business field
.
According to JBS, the company is currently the world's second largest food company and the largest protein product company
.
Gilberto Tomazoni, Global CEO of JBS, said: "This strategic move marks JBS's entry into the aquaculture industry, which will not only make our product portfolio more comprehensive, but also aquaculture is expected to become a new growth direction for our business
.
"
Huon has a total of 13 production bases and 3 processing plants for the production of fish steaks, smoked salmon, roe and other products
.
.