JBS sets tentative dates for US listing vote, share trading in NY
JBS SA, the world's largest meat-packer, appears to have moved a step closer to obtaining the necessary approvals for a primary listing of shares on the New York Stock Exchange, according to a regulatory document filed with the U.S. market regulator. The U.S. listing, which has been in the works for years, would provide access to a broader pool of investors and possibly aid JBS, which is now primarily listed in Brazil, in raising its valuation closer to its industry peers. In the filing, issued on Friday, JBS projects that its board of directors could convene as early as April 22 to call a general meeting of JBS shareholders, who are required to decide on whether they approve of the company's "dual listing" plan.