US Edition
Brazilian Brothers Await Crunch Vote on US Listing for Meatpacker JBS
- On May 23, 2025, JBS, a Brazilian meat producer, advanced its plan to have its shares traded in both São Paulo and New York after minority shareholders gave their approval for the dual listing.
- The listing follows a long-held goal amid opposition from environmental groups and bipartisan U.S. Senators due to JBS’s history of corruption, environmental harm, and the Batista brothers’ control.
- JBS operates over 250 facilities globally, employs more than 72,000 in the U.S., leads U.S. Beef production, and expects to start NYSE trading on June 12, 2025.
- Glass Lewis and ISS advised against the listing citing a dual-class share structure that grants the Batista brothers nearly 85% voting power, while environmental groups warn the listing will accelerate deforestation.
- The approval removes a major hurdle, potentially lowering JBS's capital costs and increasing investor access, but critics fear it entrenches monopoly power and risks from JBS’s past wrongdoing.
30 Articles
30 Articles
Ottumwa Courier
JBS shareholders approve US stock listing despite pushback from environmental groups and others
Brazilian meat giant JBS has come a step closer to its long-held goal of trading its shares on the New York Stock Exchange. The company’s minority shareholders voted on Friday to approve JBS' plan to list its shares both in…
Brazilian meat giant JBS gets closer to listing on the NYSE—despite ‘history of corruption’
Brazilian meat giant JBS came a step closer Friday to its long-held goal of trading its shares on the New York Stock Exchange. The company’s minority shareholders voted to approve the company’s plan to list its shares both in Sao Paulo and New York, casting aside opposition from environmental groups, U.S. lawmakers and others who noted JBS’ record of corruption, monopolistic behavior and environmental destruction. JBS Global CEO Gilberto Tomazon…
Associated Press News
Brazil's JBS asks shareholders to overlook opposition and approve a US stock listing
Brazil-based meat giant JBS hopes an upcoming shareholder vote will put it one step closer to a listing on the New York Stock Exchange. The U.S.
JBS Dual Listing Hangs by Thread as Minority Shareholders Split
JBS’s ambitious plan to list on the New York Stock Exchange faces a nail-biting finish. The Brazilian meat processing giant revealed Thursday that 50.7% of counted minority shareholder votes oppose the dual listing proposal, while 47.3% support it. This razor-thin margin of 3.43 percentage points could swing either way as 210 million votes remain uncounted. […]
Coverage Details
Bias Distribution
- 44% of the sources lean Left, 44% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
