HALISTER1: JBS Declines Most on Ibovespa on Concern Over Corruption Probe

JBS Declines Most on Ibovespa on Concern Over Corruption Probe

(Bloomberg) -- Shrs drop 15% to 10.65 reais, biggest decline since Oct. 2008; worst performer on Ibovespa.
  • Benchmark equity index +4.6%
  • JBS falls as Brazil’s biggest corruption scandal in history escalates
  • “The market is worried that suspicions about the company may arise,” Clear Corretora analyst Raphael Figueredo says
    • NOTE: On Jan. 27, JBS Tumbles as Prosecutor Accuses Executives of Financial Crime
    • NOTE: Controlling co. has denied any irregularities
    • NOTE: On Jan. 6, JBS Sinks Most Since 2009 on Report Former Shareholder Probed
    • NOTE: On Dec. 22, JBS Falls Most Since 2012 on Report of Payments to Shell Company
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
JBSS3 BZ (JBS SA)

People
Raphael Figueredo (Clear Corretora)

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