Excerpt
Excerpt
Reinventing State Capitalism: Leviathan in Business, Brazil and Beyond. Aldo Musacchio, July 26, 2013, Book. "In May 2007, the relatively unknown Brazilian firm JBS acquired Colorado-based Swift & Co for $1.4 billion and suddenly became the largest beef processing company in the world. Two years later, in September 2009, JBS made another surprising move by acquiring Pilgrim’s Pride, an iconic American meat processing firm, for $2.8 billion. Where had a rather unknown Brazilian firm gotten the funds to finance such acquisitions? The answer was simple. The Brazilian..." Link