This Brazilian Beef Company Has a $2 Billion Stake in Venezuela's Future
A butcher prepares beef, a product difficult to find in Venezuela.
Photographer: Meridith Kohut/BloombergThis article is for subscribers only.
In June, the president of Venezuela’s congress, Diosdado Cabello, spent four days in Brazil. It wasn’t a secret. He was accompanied by other officials, tweeted that he was “working for the homeland” and met with the president. But it was an unusual state visit.
His first major meeting was with Joesley Batista, the eldest of a billionaire clan of five siblings who control JBS SA, the world’s largest meat packer. On three days, Cabello went to JBS plants. He dined with the Batista family.