JBS shareholders approve dual listing
The company expects its shares to begin trading on NYSE on June 12. JBS will remain listed in Brazil through BDRs (Brazilian Depositary Receipts) on B3. The goal of the dual listing is to unlock shareholder value, better align the company’s capital structure with JBS’s global and diversified profile, and expand its investment capacity while maintaining financial discipline.
Both J&F and BNDESPar, JBS's two largest shareholders by volume, abstained from voting, leaving the decision to the minority shareholders. "The outcome of the meeting demonstrates that shareholders are confident in the benefits that will arise from the dual listing and the alignment of the corporate structure with the company’s global and diversified profile", said Gilberto Tomazoni, JBS Global CEO.
JBS is one of the largest food companies in the world, with a diversified platform of proteins and geographic presence. With more than 250 production facilities, JBS operates in 17 countries, serves over 300,000 customers, and its products reach more than 180 countries. Founded in Brazil 72 years ago, JBS currently employs 280,000 people worldwide. The company’s continued growth is driven by strategic investments, smart acquisitions, and the expansion of its global footprint, ensuring diversification of products and markets.
"With the dual listing, we seek a corporate structure that better reflects our global presence and diversified international operations, while facilitating the implementation of our growth and value-creation strategy. This step is expected to further unlock value for JBS, providing broader access to investors and more competitive interest rates, thereby expanding our ability to finance growth at a lower cost and accelerating our diversification strategy", explained Guilherme Cavalcanti, JBS Global CFO.
Next Steps (estimated dates):
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