Brazil Bank Pulls Plan for Public Sale of $4 Billion JBS Stake.

The sale of the JBS stake had been expected for almost two years as part of the broader bank's plan to exit investments in private companies to replenish state coffers. (Bloomberg) -- Brazil's state development bank has withdrawn plans to sell its $4-billion stake in JBS SA through a public offering as shares of the world's largest beef producer surge to a record high. [Extracted from the article]