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Brazilian Bank Eyes Options to Unload $4 Billion Stake in JBS.

Authors :
Freitas, Tatiana
Andrade, Vinícius
Source :
Bloomberg.com; 10/1/2021, pN.PAG-N.PAG, 1p
Publication Year :
2021

Abstract

The sale of the JBS stake has been expected as part of the broader bank's plan to exit investments in private companies to replenish state coffers. (Bloomberg) -- Brazil's state development bank is weighing options to unload $4 billion in JBS SA stock rather than just selling the stake through a public offering as shares in Brazilian meatpacker soar, according to people familiar with the matter. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
152737762