View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 27, 2015

JBS cool on US IPO talk

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".

By Dean Best

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.

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.

Related Companies

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food