Agribusiness  March 25, 2015

Brazil’s JBS mulls initial public offering for Greeley-based JBS USA

Brazilian meatpacker JBS S.A. (Bovespa: JBSS3) is evaluating whether to sell shares in an initial public offering of its subsidiary JBS USA Holdings Inc. based in Greeley, Bloomberg reports.

JBS S.A. is looking to investment bankers on the proposal as North American stock valuations grow relative to Brazilian valuations, reported Bloomberg, citing anonymous sources.

JBS USA, which owns beef, pork and poultry businesses in North America and Australia, represented 66 percent of JBS’ 2014 revenue. The company’s poultry business includes Greeley-based Pilgrim’s Pride Corp. (Nasdaq: PPC).

SPONSORED CONTENT

Ways to thank a caregiver

If you have a caregiver or know someone who has been serving as a primary caregiver, March 3rd is the day to reach out and show them how much they are valued!

Jerry O’Callaghan, director of Investor Relations for JBS, declined to comment.

Brazilian meatpacker JBS S.A. (Bovespa: JBSS3) is evaluating whether to sell shares in an initial public offering of its subsidiary JBS USA Holdings Inc. based in Greeley, Bloomberg reports.

JBS S.A. is looking to investment bankers on the proposal as North American stock valuations grow relative to Brazilian valuations, reported Bloomberg, citing anonymous sources.

JBS USA, which owns beef, pork and poultry businesses in North America and Australia, represented 66 percent of JBS’ 2014 revenue. The company’s poultry business includes Greeley-based Pilgrim’s Pride Corp. (Nasdaq: PPC).

Jerry O’Callaghan, director of Investor Relations for JBS, declined to comment.

Sign up for BizWest Daily Alerts