JBS to acquire Flora and Canal Rural from J&F for $383 million in shares
JBS•JBS will acquire 100% of Flora and Canal Rural from controlling shareholder J&F for $383 million in Class A shares. The deal values Flora at $542 million including debt and Canal Rural at $11 million.
1. Acquisition terms
JBS will pay with treasury shares representing 2.9% of its share count, priced at $12.20 each. The transaction covers all of Flora and Canal Rural.
2. Businesses acquired
Flora operates in home and personal care, while Canal Rural provides an agribusiness media platform.




