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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

Continued Opposition to JBS IPO

10/26/2023

Sixteen organizations including Green Peace, Oxfam, Rainforest Action Network, among others are urging investors not to support the proposed listing of JBS S.A. on the New York Stock Exchange.

 

Opponents point to the proposed dual-class structure of shareholding that will perpetuate control of the company by the Batista family to the disadvantage of minority shareholders.  Activists’ organizations would have no leverage on issues including environmental depredation, human rights and sustainability.

 

The IPO would restructure world holdings of JBS and would effectively encompass Pilgrim’s Pride Corp., and the beef and pork operations of JBS S.A. in the U.S.



 
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