JBS S.A. has made a final appeal to its shareholders ahead of a crucial vote scheduled for May 23, which would determine whether the company will pursue a dual listing on the New York Stock Exchange alongside its current listing in Brazil.
The company stated that a U.S. listing would expand access to institutional investors, lower its cost of capital through improved equity and debt financing options, and make its shares eligible for major equity indices such as S&P, MSCI, and Russell.
The proposed move has drawn scrutiny and pushback from various groups, including bipartisan members of the U.S. Congress.
In parallel with the dual listing vote, JBS also announced a $37.8 million investment into four Seara brand facilities in Brazil. The initiative is expected to generate 278 new jobs and expand the processing of chicken, pork, and plant-based protein products.
