JBS boss still hopes New York flotation can go ahead
18/08/2017
At the end of 2016, the company said the flotation would go ahead in the first half of this year. The proposed flotation appeared to have been overtaken by events.
However, during a question-and-answer session with market analysts after the release of JBS’s first-half results in mid-August, group chief executive, Wesley Batista, said the idea is far from dead. In spite of the tribulations JBS has faced in recent months, Mr Batista said he still harboured a personal ambition to float JBSFI “if the market allows”. He said the second half of 2018 was now a likelier timeframe.
JBS said afterwards that Mr Batista had made it clear that he was speaking in a personal capacity and that his comments should not be interpreted as a statement to the markets that the flotation will definitely happen.
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