Posted 1/31/2024, 10:01:02 AM
Controversy Brews Over Brazilian Meat Giant JBS's Plans to List on NY Stock Exchange
- Environmentalists and American meat producers want to block Brazilian meat company JBS from listing on the NY Stock Exchange
- There are concerns about JBS's corruption settlements, deforestation links, and growing dominance of the US meat industry
- JBS is the world's largest meatpacker and a major player in the US, with government contracts for schools and food banks
- An NYSE listing would let JBS access more capital to further expand operations
- A bipartisan group of US senators recently urged regulators to reject JBS's proposed share listing over misconduct concerns