JBS postpones IPO plans after scandal

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