BUSINESSTHE RIO TIMES
JBS Oman Acquisition: US$150 Million Hub Amid EU Setback
JBS acquired an 80% stake in Oman Food Capital for US$150 million, with the remaining 20% retained by Oman Food Capital. The new hub aims to process 1,000 cattle, 5,000 lambs, and 600,000 chickens daily, targeting an annual production capacity of 300,000 tons.
Related Signal
Adjacent reporting
- JBS Joins a Major US Index, and the Passive Money Starts to Flow
- Oman pours money into food security with $4.2B agriculture development
- JBS Nears Russell 1000 Entry, Unlocking a Wave of Passive Money
- Britain for sale: Ingredients firm Tate & Lyle is snapped up by US rival in £2.7billion deal
- Oman pulls in $9B in fresh foreign investment
- World’s Biggest Meat Company Shuts Two US Plants