Deals
German Meatpacker Toennies May Be Sold in $4.7 Billion Deal
- German slaughterhouse operator may fetch up to 4 billion euros
- JBS of Brazil has been growing through acquisitions abroad
This article is for subscribers only.
Toennies Holding ApS & Co. is attracting interest from Brazilian rival JBS SA and an Asian bidder in a sale that could value Germany’s largest slaughterhouse operator at as much as 4 billion euros ($4.7 billion), according to people familiar with matter.
The company’s family owners are holding initial talks with both parties and could decide on the next steps this summer, the people said, asking not to be identified discussing confidential information. There’s no certainty considerations will lead to a transaction and the owners may still opt to keep the business, according to the people.