JBS, Bertin to merge

Beef production giant JBS and Bertin announced they will create a holding company to control the formerly independent entities, according to news reports.
Estimates show JBS will control 60% of holdings, and Bertin will control 40%.
Annual income of the company is expected to be about $28.7 billion, just ahead of Tyson Foods Inc, and the firm will have global operations, including in North America, South America, Europe and China.
Bertin's meat division has a processing capacity of 14,000 head of beef a day.