The world’s largest meat and poultry producer, Brazil-based JBS SA is planning an initial public offering (IPO) for its processed food and poultry division, JBS Foods which was created in late 2013. Through the IPO, JBS hopes to raise US$1.36 billion which it will use to pay down debts and make investments. JBS has hired five banks to manage the IPO with the possibility of hiring additional banks in the future. The timing of the IPO will depend on market conditions, but could likely happen in 2014.
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