From Yahoo Finance: 2025-03-19 14:14:00

Brazilian meat processor JBS pursues U.S. listing, drawing attention to No. 2 shareholder, BNDES. Share prices soar 18% with dual listing in the works. BNDESPar abstains from voting on the proposal, sparking speculation on its stance. JBS’ global listing strategy faces scrutiny from stakeholders and regulators.

SEC approval pending for JBS’ U.S. listing proposal. Internal deliberations view dual listing structure as viable. Concerns about ownership concentration may impact approval process. BNDESPar’s potential sale stake could influence SEC approval. Lawmakers and environmentalists express opposition to the plan based on environmental impact and corruption allegations.

Read more: JBS’ pursuit of dual share listing created dilemma for BNDES