Brazil-based JBS has announced plans to list the global animal protein company on the New York Stock Exchange.
Under the proposal announced to shareholders overnight, JBS would undertake a dual listing structure, with its shares being traded on both the Brazilian and US stock markets.
The intended purpose is to enlarge JBS’s investment capacity for expansion and increase the access of institutional and retail investors to shares representing JBS’s consolidated operations, shareholders were told.
The move has been widely anticipated, and indeed the prospect is frequently raised by…
