JBS post­pones IPO plans af­ter scan­dal

New Straits Times - - Business -

SÃO PAULO: JBS SA will not com­plete an ini­tial pub­lic of­fer­ing (IPO) of its in­ter­na­tional unit in New York in the first half of the year as orig­i­nally planned fol­low­ing a bumpy two months in which the com­pany was en­gulfed in a food­safety scan­dal. The com­pany un­veiled its plan in De­cem­ber to list shares of JBS Foods In­ter­na­tional BV, a Nether­lands sub­sidiary com­pris­ing all of its for­eign as­sets plus a Brazil­ian pro­cessed-food unit. JBS said at the time it ex­pected to com­plete the IPO this year. Agen­cies

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