J&F Investments has agreed to pay BRL 2.67 billion ($716 mm) for about 44% of the Brazilian maker of footwear and apparel, taking over the shares that had been controlled by Camargo Correa. The Batista family, with an estimated net worth of $5 billion, controls JBS, the world’s largest meat packer, but is now diversifying into media, banking and now consumer products. Camargo Correa is embroiled in a scandal right now involving kickbacks and bribes and seeking to shed ... Log in to view full article.