JBS dials down IPO talk

JBS dials down IPO talk

Brazil Equity

JBS has dialed down talk of an IPO of its international operations, after bribery allegations led to weak Q1 earnings.The Brazilian food company was slated to spin off its US operations in the first half of the year, but CEO Wesley Batista said in an earnings call that JBS would look for a window in the second half of 2017 to do an IPO. In March this year, JBS and more than a dozen Brazilian beef and poultry producers were accused of paying bribes for food inspectors to approve the

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