Brazilian meat giant JBS She expects her shares to start trading on Friday on the New York Stock Exchange.
New York trading is a long goal for JBS, which was founded 72 years ago and is now one of the largest meat companies in the world. Half of its annual revenues comesFrom the United StatesWhere she hasMore than 72,000 employees. JBS is the best producers of beef in America and the second largest poultry and poultry producer.
Minority shareholders at JBS voted last month to agree to the company’s plan to include its shares in Sao Paulo and New York, which led to opposition to environmental groups, American legislators and others who have noticed the JBS record for corruption, monopolistic behavior, monopolistic behavior andEnvironmental destruction.
JBS said the dual list will allow it to access investors and more competitive interest rates, which will help her finance her growth. He also said that the United States list will submit it to further censorship from the organizers. The US Securities and Stock Exchange Committee approved the planned JBS list last month.
However, the proposed list has received a major reaction. Earlier this week, Mighty Earth, an environmental group, said she sent a letter to the NYSE council urging her to reject the list. Mighty Earth claims that JBS illegally benefits from the lands removed in Brazil.
Glass Lewis, an independent, independent, independent consultant, was among those who recommend that JBS shareholders reject the planned list.
In its report, Glass Lewis said that the recent return of the two brothers, JoyceWesley BatistaTo the JBS Council you must take care of investors. The brothers, who are the founder of JBS, were imprisoned for a short period in Brazil in 2017 for bribery and corruption.
Glass Lewis also objected to the company’s plan for double stock classes, which grant Batistas and other shareholders who control more voting power.
JBS said the result showed that the shareholders were confident of the benefits that a dual menu would bring.
This story was originally shown on Fortune.com
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