JBS proposes joint listing to fund growth
13/07/2023
The Brazilian group said the strategy will help it to diversify and grow into more food products as well as generate greater returns for shareholders.
It hopes to attract “a broader base of investors with greater financial capacity”.
Guilherme Cavalcanti, JBS Global CFO, said: "The proposal will provide flexibility to finance growth through the issuance of equity while reducing the cost of capital, allowing the company to compete on an equal footing with global peers.”
JBS has operations and commercial offices in 24 countries, and over 330,000 customers in more than 190 countries.
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