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Brazil federal prosecutors say leniency deal talks with J&F resumed Monday
May 22, 2017 / 7:51 PM / 4 months ago

Brazil federal prosecutors say leniency deal talks with J&F resumed Monday

SAO PAULO (Reuters) - Brazilian federal prosecutors said leniency talks with J&F Participações, holding company of meatpacker JBS SA, have resumed on Monday, according to a statement.

Talks with the group were interrupted on Friday because of an impasse related to the value of the fine that J&F will have to pay. The prosecutors want to impose a fine of 11.2 billion reais ($3.4 billion), equal to 5.8 percent of the group’s sales in 2016. The group proposed paying 1.4 billion reais in its latest proposal.

Reporting by Ana Mano; Editing by Daniel Flynn

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