Global food company JBS is announcing a proposal to list company shares on the São Paulo Stock Exchange (B3 S.A. - Brasil, Bolsa, Balcão or “B3”), using Brazilian Depository Receipts (BDRs), and the New York Stock Exchange, in order to better reflect the company’s global presence and unlock value for shareholders.
"Today, JBS presents a transformative value proposition to its shareholders and the market that will unlock the potential value of our global company for all stakeholders,” said Gilberto Tomazoni, JBS Global CEO. “The dual listing strategy will accelerate our capacity for diversification and growth into more branded and value-added food products, reduce our cost of capital and generate greater returns for shareholders, while creating opportunities for the communities where we operate and for our more than 260,000 team members around the world.”