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J&F shareholder Batista says firm to invest nearly $10 bln in Brazil
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J&F shareholder Batista says firm to invest nearly $10 bln in Brazil
Apr 22, 2024 6:50 AM

SAO PAULO, April 22 (Reuters) - Wesley Batista, a

shareholder of conglomerate J&F, on Monday said the company

plans to invest 50 billion reais ($9.6 billion) in Brazil over

the coming years, including 25 billion reais in its pulp and

paper business Eldorado Papel e Celulose.

Confirmation of the investment, which would raise Eldorado's

pulp production capacity by 2.6 million metric tons, hinges on

solving an ongoing legal dispute with an Eldorado shareholder,

Batista said.

J&F owns the world's largest meatpacker JBS SA

and has interests in mining and banking.

($1 = 5.2032 reais)

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