Multinational JBS invests €36 million in BioTech Foods through capital increase Home Knowledge Artículos We advised BioTech Foods on incorporating Brazilian company JBS in its share capital NOVEMBER 22, 2021 ANDREW WARD PABLO PAISÁN CORPORATE AND M&A Cuatrecasas has advised BioTech Foods on incorporating Brazilian company JBS in its share capital, with an initial €36 million investment structured with the subscription of shares in the Spanish company’s capital increase. With this transaction, JBS—the largest protein producer in the world—becomes the main partner of the Basque producer of so-called cultured meat. With the entry of JBS, the Basque company secures the financing needed through its own funds to develop a cultured meat industrial plant that will be unique in the world. This first investment by the Brazilian group in the Iberian market will enable the new factory to be installed in Gipuzkoa, near its current R&D center in San Sebastián. It is scheduled to open its doors in 2024, when it plans to start marketing the meat products. The firm’s team handling the project was made up of Corporate lawyers Pablo Paisán, Andrew Ward and Marina Pérez-Sasia. IN THE NEWS EVENT Mergermarket Portugal M&A Briefing NOVEMBER 24, 2021 FRANCISCO SANTOS COSTA MARIANA NORTON DOS REIS MIGUEL LENCASTRE FERNANDO VAN ZELLER CORPORATE AND M&A NEWS Votorantim Cimentos buys HeidelbergCement’s assets in Andalusia NOVEMBER 17, 2021 LUIS GÜELL EDUARDO CARUZ ANTONIO BARBA LUIS ALBA CORPORATE AND M&A NEWS Cuatrecasas advises FRV (Abdul Latif Jameel Energy) on sale of renewable projects to Endesa NOVEMBER 11, 2021 CORPORATE AND M&A PUBLIC LAW ENERGY AND INFRASTRUCTURE RENEWABLE ENERGY More details CASES Total becomes the fourth largest electricity company in Spain More details Delivery Hero enters Latin American market through Glovo More details Indicate your preferences to receive email alerts on specific areas of interest Let us know your interests and how often you wish to receive our legal alerts:&nbsp; Choose areas of interest © 2021 Cuatrecasas. All rights reserved. Terms of Use Privacy Policy Cookies Policy Information Security Policy Contact us We use our own cookies and third-party analytics technologies to identify your browsing habits and be able to offer our contents based on your interests, while improving your security. For more information, select "more information" to access our Cookies policy to enable or disable cookies at any time. More information Accept Settings