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Brazil scandal tests JBS, BRF push for overseas units IPOs

March 23, 2017 By Guillermo Parra-Bernal and Paula Arend Laier SAO PAULO (Reuters) – Brazil’s two largest food processors are striving to restore confidence in their quality controls as they pursue plans to list overseas units after a scandal over alleged bribery of health officials that triggered bans on Brazilian meat exports. On Friday, police named Brazil’s JBS SA, the world’s top meatpacker, and BRF SA, the largest poultry producer, alongside dozens of smaller peers in a probe into alleged payments to officials to forgo inspections and overlook practices including…

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China, EU cut imports of Brazil meat amid scandal

March 21, 2017 By Brad Brooks and Dominique Patton SAO PAULO/BEIJING (Reuters) – China and the European Union curtailed meat imports from Brazil on Monday after police, in an anti-corruption probe criticized by the government as alarmist, accused inspectors in the world’s biggest exporter of beef and poultry of taking bribes to allow sales of rotten and salmonella-tainted meats. As the scandal deepened, Brazil’s Agriculture Minister Blairo Maggi said the government had suspended exports from 21 meat processing units. But he also criticized the investigation by Brazil’s Federal Police into…

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