J&F Agrees to Buy Avibras Operating Unit Pending Cade Approval

Overview

• On Friday, August 21, 2026, Avibras said Globe Investimentos, a vehicle of Grupo J&F, submitted a deal to acquire 100% of Nova AVB to the competition authority Cade and that the transfer of control is not yet concluded.
• The sale covers Nova AVB, the restructured holding that holds Avibras’s industrial and technology assets after a judicial recovery that began in March 2022.
• A R$300 million fundraising coordinated by Fundo Brasil Crédito that included Joesley Batista helped restart production at the Jacareí plant in May 2026 and preceded the buyout proposal.
• Avibras builds key defense systems such as the Astros rocket-artillery family and the MTC-300 cruise tactical missile and holds the Empresa Estratégica de Defesa designation, which underlies why the purchase has drawn questions from the Defense Ministry and a request for information from the Chamber’s Foreign Relations and Defense Commission.
• Workers and unions have been formally notified and existing labor accords approved by the labor court remain in force, and the main near-term developments to watch are Cade’s review, disclosure of the transaction price, and any contractual or export implications for Army supply programs.