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Brazil: Environmentalists call on the Australian federal treasurer to reject JBS’s offer to buy Huon Aquaculture due to involvement in destruction of the Amazon

“Environmentalists call on treasurer to reject Brazilian meat giant’s bid for Tasmanian salmon farmer”, 18 August 2021

...Tasmanian environmentalists have called on the federal treasurer, Josh Frydenberg, to reject a proposed takeover of a major Australian salmon farming business following allegations made against the Brazil-based buyer. JBS, a multinational meat-packing giant, earlier this month made an offer to buy Huon Aquaculture, Australia’s second-largest salmon farmer, with a share offer reportedly worth more than $500m. The bid has proven controversial. Huon’s founders and major shareholders, Peter and Frances Bender, recommended the sale go ahead, but the proposal was rejected by another significant shareholder – the mining billionaire Andrew “Twiggy” Forrest – who criticised JBS’s environmental record...Campaigners with the Tasmanian Alliance for Marine Protection (Tamp) this week wrote to Frydenberg asking him to use foreign investment review powers to reject JBS’s proposed takeover...In the letter to Frydenberg, Tamp’s co-chair, Peter George, said JBS’s history included convictions and fines for bribery in the US, involvement in destruction of Amazon rainforests to enhance their cattle operations, and accepting significant Tasmanian government subsidies before closing abattoirs and processing facilities...A spokesperson for JBS responded that the company had “a long and proud history of growing its Australian businesses, investing heavily in local operations and domestic brands, and supporting employment opportunities for more than 11,000 Australians”...JBS pointed to a statement by the Tasmanian premier, Peter Gutwein, that JBS had “demonstrated they are a very reasonable corporate citizen in their time in Tasmania and I don’t expect that will change”...A spokesperson for Huon Aquaculture told Guardian Australia the company had outlined its position on JBS’s offer in comments to the Australian Stock Exchange...