JBS Closer to Private Placement

JBS Closer to Private Placement

People Corporate & Sovereign Strategy

Brazilian meatpacker JBS is moving closer to clinching $2.5bn through the private placement of shares, according to local news agencies that cite Joesley Batista, the company’s CEO. The deal will likely be announced in the coming 30 days, adds the executive, who spoke to analysts and reporters at a conference in Brazil. Executives close to the process have said the raise will probably include JBS’s existing shareholders. That could include the BNDES, which is among the largest investors and has

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