August 15, 2017 / 1:24 PM / a year ago

Brazil's JBS maintains plans for IPO of U.S. unit

SAO PAULO, Aug 15 (Reuters) - The world’s largest meatpacker JBS SA will press on with plans to list shares of its United States subsidiary next year, Chief Executive Officer Wesley Batista said during a conference call with analysts on Tuesday.

Batista said the listing is planned for the second half of 2018, following completion of a global asset divestment plan for JBS to raise around 6 billion reais. “It is not a matter of if but when,” he said about the IPO plans. Batista added JBS is in advanced talks to sell Moy Park Ltd in Europe and JBS Five Rivers Cattle Feeding LLC in the U.S.. (Reporting by Ana Mano; Editing by Chizu Nomiyama)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below