JBS shareholders agree to the stock list despite the review of environmental groups and others

The Brazilian meat giant JBS approached a step on Friday Long goal From trading its shares on the New York Stock Exchange.

The company’s shareholders voted in the company to agree to the JBS plan to include its shares in both Sao Paulo and New York, which led to opposition from the ecosystems, American legislators and others who noticed the JBS record of corruption, monopolistic behavior Environmental destruction.

JBS said the result showed that the shareholders were confident of the benefits that a dual menu would bring.

“This step is expected to open the value of JBS, which provides wider access to investors and more competitive interest rates, thus expanding our ability to finance growth at a lower cost and accelerate our diversification strategy,” Gilhery Cavaliti said in a statement.

JBS said it is expected that trading on the New York Stock Exchange will start on June 12. The American Securities and Exchange Committee is granted Company Requesting the inclusion of its shares in New York late last month.

JBS is one of the world The largest food companiesWith more than 250 production facilities in 17 countries. Half of its annual revenues comes From the United StatesWhere she has More than 72,000 employees. It is the best producer of beef in America and the second largest poultry and poultry producer.

JBS has for several years to trade her shares in New York and got a major reaction. Mighty Earth, an environmental group, said on Friday that activists and political pressure have long prevented the meat therapy from presenting a preliminary general offer in the United States

“GBS grants reaching billions of dollars in new financing will only serve to remove forests and climate processes,” Glenn Horwitz, CEO of Mighty Earth said in a statement. “It is assumed that the inclusion on the New York Stock Exchange is a sign of investors that the company is serious in transparency, but JBS has shown that its only book is to hide the true size of its destruction, climate emissions and human rights violations.”

EXCHANGE Intercontinental, the mother company of NYSE, said it is not suspended on Friday.

Glass Lewis, an independent, independent, influential consultant company, was among those who recommend that shareholders reject this plan.

In its report, Glass Lewis said that the recent return of the two brothers, Joyce Wesley Batista To 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.

“From our point of view, the company’s participation, Joyce, Wasli Batista in multiple high -level scandals has distorted the company’s reputation, undermined the confidence of the stakeholders and constitutes a great risk on its competitive site,” said Glass Lewis.