Genus buys rest of Brazil venture
FTSE 250-quoted bull and pig semen specialist Genus yesterday said it has completed its acquisition of the remaining stake in Genetiporc in Brazil, for £4.9m. Genus bought Canada-headquartered Genetiporc, the pork genetics business, last September for £24.8m, which included a joint venture in Brazil. Genetiporc do Brasil reported revenues of 26.2m real (£6.7m) and pre-tax profits of 2.9m real (£0.7m) in 2013.