August 19, 2019
Brazil's JBS has placed a priority on selling shares in its US subsidiary to "unlock value in the company," CEO Gilberto Tomazoni said in a conference call with analysts.
The meat company had previously planned to list the US business, but it pulled back from an IPO as it faced bribery allegations in May 2017. Tomazoni has picked up the IPO plans since he took over as CEO in December last year.
CFO Guilherme Cavalcanti said during the call that JBS has "time to think about the best structure"
Brazilian meatpacker also says it could return to acquisitions after lowering debt for two years