JBS buys controller J&F's Flora for R$2.968B (US$542M), equity paid in Class A shares

JBS N.V.

Flora valued at US$542M with debt assumed; equity consideration of US$367M paid entirely in JBS treasury Class A shares and/or BDRs.
Share count set at reference price R$66.82916, based on 30-session VWAP of US$12.20 and PTAX rate of R$5.4778 per US$1.00.
Flora had R$2.9B (US$531M) net revenue for 12 months to Sept 2026; brands Minuano, Francis, Neutrox, OX; 5 plants, 7 DCs, 4,200 staff.
Also acquiring agribusiness media firm Canal Rural from J&F: R$88.1M per the purchase agreement, though the release cites US$11M (R$61M).
Related-party deals approved by an all-independent audit committee; expected to close December 2026; JBS sees no impact on net leverage.

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