Brazil JBS says suspends IPO of processed foods unit

viernes 27 de febrero de 2015 17:43 GYT

RIO DE JANEIRO Feb 27 (Reuters) - Brazilian meatpacker JBS SA said on Friday it was cancelling an initial public offering of its processed food unit JBS Foods due to unfavorable market conditions.

This is the fourth time JBS, the world's largest meatpacker, suspended plans for the IPO of JBS Foods.

(Reporting by Juliana Schincariol Writing by Walter Brandimarte)