Brazil scandal tests JBS, BRF push for overseas units IPOs

Brazil scandal tests JBS, BRF push for overseas units IPOs

Guillermo Parra-Bernal and Paula Arend Laier

Reuters

The scandal broke weeks before JBS and BRF were due to launch the initial public offerings of their foreign-based units JBS Foods International and One Foods Holdings Inc – which is BRF’s halal meats unit. The deals could fetch a combined $2.5 billion and help accelerate expansion outside Brazil.

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