www.bloomberg.com
Brazilian holding company J&F SA, owned by the Batista brothers, is exploring a strategic partnership for its LHG Mining unit. The company has engaged Citigroup Inc. to facilitate the sale of a minority stake in LHG Mining. This move suggests J&F SA aims to potentially expand LHG Mining’s operations, improve efficiency, or gain access to new markets through the introduction of a strategic investor. The deal seeks to leverage Citigroup’s expertise to identify and secure a partner that can add value beyond just capital injection.
