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
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.
See Also:
It cited "market conditions" for the decision.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
