JBS S.A. (BOVESPA:JBSS3) agreed to acquire an unknown majority stake in Biotech Foods SL for 36 million on November 18, 2021. JBS is also announcing the setting up of Brazil's first cultivated protein research & development (R&D) center. The deal is subject to the approval of foreign investment authority of Spain.
Pablo Paisán of Cuatrecasas, Gonçalves Pereira, S.L.P. acted as legal advisor to JBS S.A. (BOVESPA:JBSS3).