Recasts with JBS submitting
Recasts with JBS submitting
SAO PAULO, Dec 6 (Reuters) – Brazilian meatpacker JBS SA JBSS3.SA mentioned in a securities submitting late on Friday the corporate is contemplating a U.S. itemizing of its worldwide property however not a change of its headquarters.
The corporate mentioned it expects to have a capital construction that permits it to compete “on equal footing” with worldwide rivals, including that tax charges weren’t the principle cause for the potential itemizing.
Whereas JBS mentioned it will not transfer its headquarters, the submitting famous that the “alternative of a rustic to represent the automobile that can be listed” was a part of the method of itemizing its abroad operations.
Within the submitting, JBS additionally denied an earlier report by Brazilian newspaper Folha de Sao Paulo that cited an alleged June plan, mentioning a possible change of headquarters to the Netherlands or Luxembourg.
Two years in the past, a transaction proposed by JBS that included transferring its…