Brazil-based meat giant JBS has labelled reports it is weighing up whether to return to plans to float its US unit as "press speculation".

Bloomberg, citing two unnamed sources, said JBS is considering reviving the plan as stock valuations in North America rise compared to those seen in Brazil.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The news agency said JBS had contacted investment banks over the matter, although no decision had been made

When contacted by just-food, a spokesperson for JBS said: "All this talk about IPO is press speculation. We have no comments to make."

Earlier this month, JBS suspended plans to list its domestic processed food business, JBS Foods, in Brazil.

It cited "market conditions" for the decision.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now