JBS Jumps on $2.5 Billion Meatpacking Project in Nigeria
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The world’s largest meat producer JBS SA increased the most in more than three weeks after it announced plans to participate in a $2.5 billion project for the construction of meatpacking facilities in Nigeria — its first expansion into Africa.
JBS signed a memorandum of understanding with the Nigerian government to build three poultry plants as well as two for beef and one for pork in five years, the Brazilian company said in a statement.